About Safe
Safe was developed by the Gnosis team beginning around 2018 as Gnosis Safe, before later spinning out as an independent project and organization simply called Safe, building smart contract-based wallet infrastructure that implements "multi-signature" security, a model requiring multiple different designated parties to approve a transaction before funds can move, rather than relying on a single private key controlling access to digital assets, a security model widely considered a significant improvement over single-key wallets for organizations and individuals holding significant cryptocurrency value, since a multi-signature structure means no single compromised key or individual bad actor can unilaterally move funds without the cooperation or compromise of multiple other designated approvers.
Safe's smart contract wallet technology is widely adopted infrastructure for organizational and treasury-style crypto asset management, used by decentralized autonomous organizations (DAOs), which often need multiple community-elected or appointed signers to collectively approve treasury spending decisions in a transparent, auditable way consistent with decentralized governance principles, as well as by crypto-native companies, protocols, and individual users seeking stronger security for significant digital asset holdings than a single private key wallet provides. The platform's open-source, audited smart contract code has been deployed to secure an enormous cumulative value of digital assets across the broader Ethereum and multi-chain crypto ecosystem, reflecting its position as foundational, widely trusted security infrastructure rather than a single company's proprietary, closed product, an important distinction given how much of Safe's adoption and trust stems from its open-source, independently auditable smart contract code being available for anyone to verify and build upon rather than requiring blind trust in a single company's proprietary security claims. Safe has continued to develop additional features and tooling around its core multi-signature wallet infrastructure, including improved user interfaces and integrations with other crypto tools such as Coinshift and various DAO treasury management platforms that build additional functionality on top of Safe's underlying secure wallet infrastructure. The project has been supported by the Gnosis ecosystem and various grants and funding supporting its continued open-source development as critical, widely relied-upon crypto infrastructure.
