Safe Labs, a subsidiary of the Safe Foundation, has taken direct control of Safe Wallet, a multi-signature wallet with over 4.5 million monthly active users. This strategic move is intended to enhance the wallet's reliability, governance, and integration within the Safe ecosystem. According to Safe co-founder Lukas Schor, the transition will open new monetization opportunities linked to the SAFE token, with potential reinvestment into the product and ecosystem. Users are required to accept Safe Labs' Terms & Conditions to migrate their accounts to the updated interface. Rahul Rumalla, the newly appointed CEO of Safe Labs, is overseeing this transition. Safe Wallet currently secures $100 billion in assets and has processed a total volume of $228 billion.
Safe Labs Assumes Control of Safe Wallet to Enhance Governance and Monetization
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