Safe Acquires Multis: Strategic initiation to Elevate Cryptocoin treasury management

On 8 April, the highly reputed crypto wallet infrastructure service provider, Safe, which had been acquired by Sequoia-backed crypto treasury administration platform Multis’, both announced to expand their capabilities through a transaction that was fair to all parties involved. The sum of one for acquiring the technology and the senior leadership team of Multis, however, was not disclosed. It is a new landmark for the Safe team and the crypto ecosystem in general, demonstrating the ambitions of Deep Safe to expand of its service offerings to broader management of digital assets across different blockchains.

🚨 Announcement Incoming!

The { @MultisHQ } team is joining Safe, following our strategic acquisition 🤝

The stellar team will focus on building cross-chain account abstraction with the end goal of expanding Safe's reach to 100s, if not 1000s – of networks in the future.
🟢{ 🟡… pic.twitter.com/ujIwHrSONT

— Safe (@safe) April 18, 2024

Acquisition results in the cohort of the former Multis CEO, Mr. Thibaut Sahaghian, playing a very crucial role within the Safe ecosystem in his Network Abstraction Lead position. The knowledge base of Mr. Evans can be vital in making Safe the network to fall back on in this complex ecosystem. This action reflects a cohesive process of team tying in which a correspondence of the shared vision of Multis and another organization is put clearly on display.

A strategic expansion and a bright future

Safe’s decision of fictional Multis happens when there is an excessed need for a high-quality infrastructure in order to take care of digital possessions, including of Layer 2 ecosystems that have recently appeared. The nature of the cross-network crypto experience is a crucial point that Richard Meissner of Safe, tries to emphasize as the crypto world continues to develop. Smart, which has managed more than 100 projects such as Axie Infinity, Audius and Connext successfully, implementing new technologies and experience, will definitely help the Safe treasury to manage money as well. The fact that this acquisition strengthens Safe’s current capabilities but also to some extent provides substantial room for further developments that could cause dramatic changes in how crypto users manage assets across different blockchains is the most attractive aspect of this acquisition to me.

Safe using such a move demonstrates futuristic visions of the industry soundly expanding in the sphere of crypto asset management contributes to the provision of a richer service and integration across the Web with all blockchain networks.