Msafe Raises $5 Million Led By Jump Crypto

Key Points:

• The first multi-signature wallet solution on the Aptos was created by MSafe, a pioneer in the field.
• Jump Crypto served as the lead investor in this round of funding, which also included Circle Ventures, Coinbase Ventures, Superscrypt, Redpoint Ventures, SV Angel, Shima Capital, Spartan Group, and others.
• The money will go toward expanding MSafe’s staff, expanding its line of products, and speeding up product uptake.

Momentum Safe (MSafe), a startup wallet company based in Aptos, secured $5 million in venture funding from Jump Crypto.

Superscrypt, Circle Ventures, Coinbase Ventures, and Shima Capital were among the investors in the round for the multi-signature wallet technology, which was established in July of last year. The money will go toward expanding MSafe’s staff, expanding its line of products, and speeding up product uptake.

More than a dozen of the top Move-based projects on Aptos has already integrated with MSafe for treasury management, smart contract deployment, and blockchain protocol administrative control. This integration was spearheaded by CEO Wendy Fu, a former member of Meta’s Diem project and a founding member of Novi wallet, and CTO Jacky Wang, a former senior core-protocol developer at Harmony.

“We created MSafe with a mission to provide more secure and decentralized financial services to scale digital assets management and transaction on-chain. Starting with the multi-sig non-custodial wallet, we aspire to be a one-stop destination for institutions, enterprises, and individuals to manage and grow their digital assets,” said Wendy Fu.

Since launching the first multi-signature wallet on the Aptos mainnet in October 2022, decentralized exchange (DEX), decentralized finance (DeFi), non-fungible token (NFT) developers, and others have been quickly using MSafe.

The key issues preventing the widespread adoption of digital assets are addressed by the wallet solution from MSafe, which is built to provide exceptional security, complete interoperability, and real decentralization. Built on Move, a safe and secure Web3 programming language, MSafe adds an additional layer of security on top of Move, safeguarding user wallets, assets, code, and accounts in addition to offering a secure foundation for the Move-based Web3 ecosystem.

MSafe connects businesses to the Move-based ecosystem, helps protect assets, and enables teams to co-manage on-chain assets while being scalable for enterprises, organizations, and individual users.

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