World Liberty Financial, under the backing of Trump, has transacted more than $889 million using the institutional account established on the ‘Safe Protocol’ platform.
The Safe smart account infrastructure has recently completed 84 Safe Multi-sig transactions, processing over $889 million through its institutional wallet. This trend shows a significant interest from major organizations in utilizing Safe for their treasury operations, prompting the Ethereum Foundation to migrate its treasury managing practices to the Safe Protocol’s RWA Smart Account, creating a new 3-of-5 multi-signature wallet to manage a substantial 50,000 ETH (around $160 million) for supporting DeFi initiatives.
This strategic implementation allows the Ethereum Foundation to engage actively with DeFi applications via the Safe Protocol while adhering to top-tier security standards, marking a significant progression towards Safe's objective of integrating global GDP onto blockchain technology.
The Future of Safe
Safe continues to gain traction, boasting over $100 billion in managed assets and currently holding around 6.8% of all USDC in circulation. This rapid expansion spans both conventional web3 assets and the swiftly evolving realms of stablecoins and Real World Assets (RWAs), illustrated by notable growth in transaction volumes and total value locked (TVL) throughout 2024.
In the realm of RWAs, Safe has recently launched a transaction processing network that opens up lucrative revenue sharing prospects, featuring specialized co-processors that effectively handle both on-chain and off-chain inputs from diverse sectors including AI, RWAs, DeFi, PayFi, and DEXs. Safenet, The Ethereum Foundation has begun the process of integrating its treasury for DeFi operations with the Safe Protocol.
Safe’s Milestones :
- World Liberty Financial has facilitated transactions exceeding $889 million in their institutional wallet utilizing the Safe framework.
- There are over 200 projects currently thriving within the ecosystem built on the standards of the Safe smart account.
- Over $100B in total assets stored
- 53M transactions executed
- 20M accounts deployed
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Disclaimer
In line with the Trust Project guidelines Gregory, a digital nomad from Poland, not only works as a financial analyst but is also an insightful contributor to various digital publications. His extensive experience in the financial sector has earned him notable recognition across many platforms. In his free time, Gregory is passionately working on a book dedicated to cryptocurrency and blockchain technology.
