KEY TAKEAWAYS
- Safe Ecosystem Foundation launches Safe Labs to develop enterprise-grade self-custodial solutions.
- Rahul Rumalla, with extensive experience in product strategy, is appointed CEO of Safe Labs.
- Safe Labs aims to enhance digital sovereignty through secure and intuitive self-custody solutions for Web3.
- Safe has achieved significant growth, processing over $1 trillion in total volume and facilitating 2% of Ethereum transactions.
Zug, Switzerland / Berlin, Germany—5th June 2025—The Safe Ecosystem Foundation has announced the formation of Safe Labs, a fully-owned subsidiary focused on developing enterprise-grade self-custodial solutions. This strategic move aims to transform Safe Smart Accounts into a robust platform for business-focused self-custody applications.
Rahul Rumalla, previously Chief Product Officer at Safe development studio Core Contributors, has been appointed as the CEO of Safe Labs. His leadership is expected to drive the strategic growth of the new subsidiary, which will focus on providing wallet-as-a-service infrastructure and integrated workflows for institutional Web3 applications.
Strategic Vision for Enterprise-Grade Solutions
The establishment of Safe Labs is part of a broader strategy to empower teams requiring high-assurance digital asset management. The initiative aims to leverage Safe Smart Accounts as a foundation for secure and intuitive self-custody solutions. Lukas Schor, co-founder of the Safe project and president of the Safe Ecosystem Foundation, emphasized the importance of digital sovereignty in the future of Web3.
“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,” Schor stated. He highlighted Rahul Rumalla’s track record in product innovation and business growth as pivotal for leading Safe Labs.
Leadership and Growth Milestones
Rahul Rumalla, who joined the Safe ecosystem in July 2024, brings over 15 years of experience in engineering and product strategy. His previous roles include founding Web3 companies Paperchain and Otterspace, and serving as Director of Engineering & Product at SoundCloud. Rumalla expressed his vision for Ethereum hosting trillion-dollar economies powered by Safe, emphasizing the challenge of delivering accessible enterprise-grade products.
This development follows significant growth milestones for Safe, including surpassing $1 trillion in total volume processed and facilitating nearly 2% of all Ethereum transactions as of May 2025. Safe{Wallet} has also experienced substantial growth on Layer 2 solutions, with over $10 billion in monthly transaction volume from Base and Arbitrum alone.
For more information, the official announcement can be found here.
Why This Matters: Impact, Industry Trends & Expert Insights
The Safe Ecosystem Foundation’s launch of Safe Labs marks a strategic move to enhance enterprise self-custody solutions through Safe Smart Accounts. This initiative is set to bolster secure and intuitive digital asset management for businesses.
Recent industry reports indicate that hybrid custody models are becoming increasingly popular among enterprises, with 61% of executives using multiple custody solutions for flexibility and security. This aligns with Safe Labs’ focus on providing robust, enterprise-grade self-custody solutions.
A Techpoint Africa report highlights that self-custody wallets offer significant control and security advantages by allowing users to manage their private keys directly. This supports the Safe Labs initiative, which aims to empower enterprises with secure and user-controlled digital asset management.
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