Safe, a frontrunner in smart wallet infrastructure provision, celebrates a significant milestone, surpassing the safeguarding of over $100 billion worth of digital assets within its smart accounts.
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This achievement coincides with the platform boasting more than 6 million active accounts and facilitating over 30 million transactions. In response to this impressive growth trajectory, Safe has appointed Julian Grigo as Head of Institutions and Fintech. His primary objective is to accelerate the adoption of Safe’s advanced account abstraction stack.
An Expert from the Banking Sector Takes the Lead
Julian Grigo brings extensive experience to his new role, having served as Managing Director at Solaris, Europe’s largest banking-as-a-service provider, and as Head of Digital Banking and Financial Services at Bitkom, a leading German digital economy association. His deep understanding of institutional and fintech requirements in the evolving landscape of decentralized finance (DeFi) positions him well to navigate the challenges ahead.
Safe’s institutional focus centers on Safe{Core}, a modular and open-source stack designed to simplify institutional custody processes. Traditional custody methods often entail manual procedures and intermediary involvement, resulting in high operational costs and inefficiencies. Safe{Core} aims to alleviate these challenges by abstracting away the complexities of custody, allowing institutions to explore innovative business models while providing customers with secure self-custody options.
A Quantum Leap in Custodial Services
“Transitioning towards a model where institutions can facilitate crypto services without the cumbersome responsibilities of direct custody represents a major leap forward,” says Julian.
“With Safe{Core} in the driving seat, institutions can rethink traditional custody models, enhancing operational efficiency and minimizing vulnerabilities. We offer unparalleled security and customizable control, enabling institutions to explore new business models.”
Julian Grigio
Safe{Core} has already made significant strides across various sectors, powering over 200 projects globally. Notable examples include Gnosis Pay, BasedApp in Singapore, and the Zeal wallet for neo banking. These pioneering projects showcase how smart account infrastructure reduces onboarding costs and facilitates broader adoption of self-custody options.
A Commitment to Digital Ownership
Lukas Schor, co-founder of Safe, reaffirms the company’s commitment to democratizing digital ownership for all, including traditional institutions and fintech entities. With Grigo’s expertise combined with Safe{Core}, the platform aims to set new benchmarks for security and efficiency in the industry.
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About Safe
Safe, formerly known as Gnosis Safe, is an on-chain asset custody protocol securing approximately $100 billion in assets. The platform aims to establish a universal standard for secure custody of digital assets, data, and identity through its Safe{Wallet} and Safe{Core} infrastructure. Safe is committed to unlocking digital ownership for everyone in the web3 ecosystem, including DAOs, enterprises, retail, and institutional users.
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