MSafe Raises $5M in Seed Funding

MSafe

MSafe, a San Francisco, CA-based developer of a multi-signature wallet solution on the Aptos / Move ecosystem, raised USD$5m in seed funding.

The round was led by Jump Crypto with participation from Circle Ventures, Coinbase Ventures, Superscrypt (founded by Temasek), Redpoint Ventures, SV Angel, Shima Capital, Spartan Group and more.

The company intends to use the funds to grow its team, develop its product portfolio, and scale product adoption.

Founded in Aug 2022 by Wendy Fu (CEO), and Jacky Wang (CTO), MSafe is a wallet-as-a-service provider that specializes in offering multi-signature wallet solutions centered around security, interoperability and decentralization. Since deploying the first multi-signature wallet on Aptos mainnet in Oct 2022, it has been gaining adoption by decentralized exchange (DEX), decentralized finance (DeFi), non-fungible token (NFT) developers and more.

FinSMEs

05/01/2023