Safe Expands Crypto Management Capabilities with Strategic Multis Acquisition

Major Step in Blockchain Asset Management

On 8 April, the prominent crypto wallet service provider, Safe, acquired by the Sequoia-backed crypto treasury platform Multis, announced an expansion of their capabilities. The acquisition, described as beneficial for all parties, brings technology and leadership from Multis into the Safe fold, although the financial details remain undisclosed.

A Leadership Fusion for Enhanced Operations

The deal integrates Multis’ CEO, Mr. Thibaut Sahaghian, into a pivotal role within Safe as the Network Abstraction Lead. His expertise is expected to fortify Safe’s position as a reliable network in the increasingly complex blockchain ecosystem. This integration signifies a unified vision between Multis and Safe, showcasing a strategic alignment in their future directions.

Cross-Network Crypto Management: A Focal Point

Richard Meissner, from Safe, highlights the significance of cross-network crypto experience as essential in today’s evolving blockchain landscapes. The acquisition by Safe, known for managing over 100 projects like Axie Infinity, Audius, and Connext, not only bolsters their current capacities but also sets the stage for transformative advancements in digital asset management across various blockchains.