Quick take:

  • Jump Crypto led the seed round.

  • MSafe protects user wallets, assets, code, and accounts in the Move ecosystem.

  • MSafe is led by former Meta exec and founding member of Novi wallet, Wendy Fu.

MSafe, the developer of a multi-signature wallet solution in the Aptos / Move ecosystem has completed a $5 million seed round led by Jump Crypto. 

Additional participants in the round include Circle Ventures, Coinbase Ventures, Superscrypt (founded by Temasek), Redpoint Ventures, SV Angel, Shima Capital, Spartan Group and more.

MSafe will use the funds to recruit new hires, develop its product portfolio, and scale product adoption.

The startup deployed the first multi-signature wallet on Aptos mainnet in Oct 2022. Built on Move, a secure programming language for Web3, MSafe protects user wallets, assets, code, and accounts as well as provides a secure infrastructure for the Move-based Web3 ecosystem. 

Founded in Aug 2022 and headquartered in Silicon Valley, MSafe is led by Wendy Fu (CEO), who was previously at Meta’s Diem project and a founding member of Novi wallet; and Jacky Wang (CTO), 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, Founder and CEO, MSafe.

The startup claims that more than a dozen of top Move-based projects on Aptos have already integrated with MSafe for treasury management, smart contract deployment and blockchain protocol administrative control. The multisig wallet solution is scalable for enterprises, organizations, and individual users. 

“MSafe’s non-custodial digital asset management platform offers best-in-class security, decentralization and flexibility needed by organizations. We are excited to support MSafe’s strong team with ambitious goals and capabilities to scale web3 financial services,” said Saurabh Sharma, Head of Investments, Jump Crypto.

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The post Multisig Wallet Solution Developer MSafe Raises $5M in Seed Round to Offer Enhanced Security for Web3 Financial Services appeared first on NFTgators .