Safe Unveils Subsidiary for Self-Custody Solutions
- Lyla Velez
- June 8, 2025
- Uncategorized
- 0 Comments
Key Takeaways:
- Main event involves the launch of Safe Labs.
- Focuses on enterprise-grade solutions.
- Significant leadership role for Rahul Rumalla.
Safe has established Safe Labs, a new subsidiary focusing on enterprise-grade self-custody solutions. Rahul Rumalla, a former Chief Product Officer at Safe, is leading the initiative, drawing upon his extensive Web3 experience.
The event underscores the growing need for secure and efficient self-custody solutions within institutional frameworks, reflecting broader market trends and technological advancements.
Safe announced the launch of its subsidiary, Safe Labs, aimed at developing enterprise-grade self-custody solutions. This move is directed by Rahul Rumalla, emphasizing Safe’s commitment to enhancing Ethereum-based smart contract wallets.
“Safe Labs is a subsidiary of Safe focused on developing enterprise-grade self-custody solutions… The subsidiary is led by Rahul Rumalla, bringing extensive experience in Web3 and product leadership” – Rahul Rumalla, Head of Safe Labs, Safe.
Rahul Rumalla, formerly Safe’s Chief Product Officer, leads Safe Labs. His previous leadership roles in Web3 startups and SoundCloud underscore his proven expertise. His appointment highlights strategic focus on improving self-custody technologies.
Safe secures $60 billion in on-chain assets and anchors 10% of the Ethereum Virtual Machine market, signifying its considerable institutional presence. Ethereum’s role persists as the primary asset managed under Safe infrastructure, strengthening its industry relevance.
Blind signing remains a major industry issue. According to Pascal Gauthier, CEO of Ledger, “Blind signing is something that everybody does in the industry, but it’s crazy because it’s like signing blank checks online.” Safe Labs targets security enhancements to bolster institutional confidence and protect assets. Ongoing challenges reflect the complexity and critical need for innovative custody solutions.
Market response has been cautiously optimistic, with potential regulatory approval enhancing Safe’s market position. Safe’s infrastructure advancements could pivot industry standards towards improved security and user experience in smart contract wallets.
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