MSafe raises $5M for Web3 financial services

MSafe recently announced concluding a seed funding round, collecting $5M. Known for developing the first multi-signature wallet platform on Aptos. 

The round was led by Jump Crypto, while names like Coinbase Ventures, Circle Ventures, Redpoint Ventures, Superscrypt, Shima Capital, SV Angel, Spartan Group, etc. assisted.

Ever since the platform deployed the wallet on Aptos in October, MSafe has been quickly gaining adoption by DeFi, NFT, DEX, and more. The solution by MSafe has been designed to provide complete interoperability, true decentralization, and quality security. 

This addresses challenges, such as the mass adoption of virtual assets. Developed on Move, a secure Web3 programming language to add a security layer over Move. It protects user assets, code, accounts, and wallets. In addition, it provides a safe framework for Move-based projects.

The platform is scalable for organizations, individual users, and enterprises. MSafe also connects businesses to Move, securing assets to enable teams to co-monitor on-chain assets collaboratively. 

Wendy Fu, the CEO, and Jacky Wang, the CTO have assisted 12+ projects on Aptos. These projects have already been incorporated with MSafe for smart contract deployment, blockchain protocol control, and treasury management.

Fu also talked about the recent development, stating that MSafe was created to offer security and DeFi services that scale transaction and digital assets management on-chain. The team aims to be a one-stop station for individuals, enterprises, and institutions to grow and manage their virtual assets.

The funds gathered by MSafe will be used to grow the team, promote product adoption, and develop new products. Given the involvement of the parties and the scale of the gathered amount, MSafe is expected to grow enormously. 

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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