Zug, Switzerland / Berlin, Germany – 6 June 2025 – Safe Ecosystem Foundation today announced the formation of Safe Labs, a commercial, fully-owned subsidiary dedicated to building enterprise-grade self-custodial solutions. Rahul Rumalla, previously Chief Product Officer at the Safe development studio Core Contributors, has been appointed CEO to drive the Safe Lab’s strategic growth. 

This strategic evolution enables Safe Labs to focus on transforming Safe Smart Accounts into an enterprise-grade platform supporting business-focused self-custody use cases ranging from wallet-as-a-service infrastructure to deeply integrated workflows. The goal is to empower teams building institutional Web3 applications or requiring high-assurance digital asset management to leverage Safe Smart Accounts as their foundation. 

“The future of Web3 depends on giving users absolute confidence in their digital sovereignty. With Safe Labs, we’re building the infrastructure to make that possible—enterprise-grade, secure, and intuitive by design.”, said Lukas Schor, co-founder of Safe project and president of the Safe Ecosystem Foundation. “Rahul’s track record in product innovation and business growth makes him the ideal person to lead this next chapter, one focused on enterprise-grade compliance and security embedded into every layer of Safe technology, forging a new era of effortless, unassailable self-custody.” 

Rahul Rumalla, who joined the Safe ecosystem in July 2024 as Vice President of Product & Engineering, brings over 15 years of leadership experience in engineering and product strategy, having previously founded Web3 companies Paperchain and Otterspace and served as Director of Engineering & Product at SoundCloud. “Ethereum will host trillion-dollar economies powered by Safe. We achieve this by delivering enterprise-grade products that remain accessible to everyone. This is our challenge, our vision, and our ambition” said Rumalla. 

This move comes on the back of Safe crushing significant growth milestones, including recently surpassing $1 trillion in total volume processed (TVP) and facilitating nearly 2% of all Ethereum transactions as of May 2025. Safe{Wallet} has also seen explosive growth on L2s with over $10B in monthly transaction volume coming from Base and Arbitrum alone. 

About Safe 

Safe (previously Gnosis Safe) is an onchain asset custody protocol, securing ~$60 Billion in assets today. Released as on open source software stack by the Safe Ecosystem Foundation, it is establishing a universal ‘smart account standard for secure custody of digital assets, data, and identity. Safe is built for the mission to unlock digital ownership for everyone in web3,

including DAOs, enterprises, retail, and institutional users 

Website, Twitter, Discord, Blog, GitHub, Docs 

About the Safe Ecosystem Foundation, Zug, Switzerland 

The mission of the Safe Ecosystem Foundation is to support the development of Safe, to strengthen Safe technology and to promote the Safe Ecosystem. The Safe Ecosystem is a non-profit organisation based in Zug, Switzerland, that helps educate people about Safe smart accounts and promotes Safe technology through the provision of grants and other forms of funding. 

Legal Disclaimer 

This is not an offer to sell or a solicitation of an offer to purchase any SAFE tokens and is not an offering, advertisement, solicitation, confirmation, statement, or any financial promotion that can be construed as an invitation or inducement to engage in any investment activity or similar. 

The Safe Ecosystem Foundation makes no representations, warranties and/or covenants with respect to the Safe Technology (or any implementations of the Safe{Wallet} and/or Safe Smart Accounts) or any program (Grants, Hackathons and/or any other forms of funding) run by the Safe Ecosystem Foundation. You should not rely on the content herein for advice of any kind, including legal, investment, financial, tax, or other professional advice, and such content is not a substitute for advice from a qualified professional.

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Filed under: Bitcoin - @ June 6, 2025 7:27 am