Digital asset management platform Gnosis Safe has reportedly raised $100m in a funding round, alongside the rebranding to Safe.
This investment round was led by 1kx, with commitments also coming from Tiger Global, A&T Capital, Blockchain Capital, Digital Currency Group and ParaFi, according to a report from Crypto Briefing.
With the capital, the company hopes to expand its product offering.
Safe is a digital assets management platform for businesses and individuals. It boasts an option to require a predefined number of signatures to confirm a transaction, preventing unauthorised access to company crypto.
1kx founding partner Lasse Clausen told Crypto Briefing, “Safe has established itself as the universal asset management primitive. From DAOs to treasury management tools to institutional custody, Safe has achieved an incredible product-market fit throughout all segments of crypto and established itself as the absolute winner.
“At 1kx, we have been long users of Safe and believe that developers and users are only beginning to understand the power of composable asset management.”
Last month, digital assets platform FalconX hit an $8bn valuation after it closed its Series D on $150m. The company enables institutions to access and manage all their crypto strategies from a single interface.
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