Safe unveils new unit to build enterprise-grade crypto wallets

Safe, formerly Gnosis Safe, has launched a subsidiary called Safe Labs to develop enterprise-grade self-custody solutions based on its smart contract wallet infrastructure.

Safe, a crypto self-custody company previously known as Gnosis Safe, has launched a subsidiary, Safe Labs, to build enterprise-grade self-custody solutions.

According to a June 5 announcement shared with Cointelegraph, Safe Labs is a commercial subsidiary wholly owned by Safe. It will focus on building institutional products using Safe Smart Accounts, a modular smart contract-based wallet system.

“The future of Web3 depends on giving users absolute confidence in their digital sovereignty,” said Lukas Schor, co-founder of Safe and president of the Safe Ecosystem Foundation. “With Safe Labs, we’re building the infrastructure to make that possible — enterprise-grade, secure and intuitive by design.”

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