Golden Finance News: The well-known digital asset management platform Safe (formerly known as Gnosis Safe) recently announced that it has established a wholly-owned business subsidiary, Safe Labs. This subsidiary will rely on the Safe smart contract wallet infrastructure and be committed to building an enterprise-level self-custody solution.
Safe Labs will be led by Rahul Rumalla, who has over 15 years of rich experience in the field of technology and has achieved remarkable results in engineering and product leadership. Previously, Rumalla founded Web3 startups such as Paperchain and Otterspace, and also served as the engineering director of SoundCloud, demonstrating outstanding entrepreneurial and management capabilities.
Lukas Schor, co-founder of Safe and chairperson of the Safe Ecosystem Foundation, said: “The future of Web3 depends on giving users absolute confidence in their digital sovereignty. Through Safe Labs, we are building the infrastructure that makes this possible – designed with enterprise-level security and intuitiveness.” Rumalla said that the target customers of Safe Labs are “any enterprise that needs to hold or provide on-chain value to customers”, and disclosed that a large number of enterprises and institutions have been using Safe’s services for many years. He also said that the new subsidiary would enable Safe to create more targeted products for customers.
Related Topics:
