Celo, the leading carbon-negative, mobile-first EVM-compatible layer-1 blockchain is now integrated with Safe, the self-custody infrastructure provider and trusted decentralized custody protocol. Users and builders can now use Safe’s industry leading custody and asset management solution natively on the Celo blockchain.
The events of the past year have underscored the need for robust, secure, and self-custodial asset management solutions. This integration is set to provide the emerging Celo ecosystem with a more robust security standard through Safe’s composable smart accounts.
cLabs, a leading technical contributor on the Celo blockchain, led the integration, bringing top-tier custody and asset management to Celo community members. cLabs previously launched Celo Safe, a forked version of Safe, to provide an immediate, secure digital asset management solution. Celo Safe is now being replaced by the full native integration of Safe, allowing instant use of new Safe features and updates, a native mobile offering through the Safe app, and an overall easier user journey to use the full Safe products.
Safe’s custody infrastructure already secures approximately $39 billion in assets and is the default wallet of choice for Web3 native projects such as Aave and 1inch, as well as enterprises including Shopify. Many of the largest individual asset holders like Punk6529 and Vitalik Buterin also choose Safe{Wallet} to secure their personal assets. Recently launched, Safe{Core} brings this trusted self-custody infrastructure into the hands of developers, providing a modular account abstraction stack, reducing barriers to adoption, and upgrading the Web3 user experience.
“Integrating with Safe to enable feature-full, multi-user self-custody has been one of the leading feature requests in the Celo ecosystem. We’re excited to welcome Safe to the Celo community and help them fulfill their real world needs,” Marek Olszewski, Celo co-founder and cLabs CTO, said.
Lukas Schor, co-founder of Safe added, “Safe is excited to bring the value of account abstraction and smart accounts to the Celo ecosystem. Safe’s mission is very much aligned with Celo’s own sustainability goals. We believe that self-custodial and multi-player ownership will boost coordination and security for the Celo economy around these priorities.”
As of today, the integration is fully live and users can connect their wallet to the Celo Safe platform to manage assets. More details can be found at app.safe.global.
About Safe
Safe (previously Gnosis Safe) is a decentralized custody protocol, securing ~$39 Billion in assets today. It is establishing a universal standard for secure custody of digital assets, data, and identity. With Safe{Wallet}, its flagship web and mobile wallet, and Safe{Core} account abstraction infrastructure, Safe is on a mission to unlock digital ownership for everyone in web3 including DAOs, enterprises, retail, and institutional users.
About the Celo Foundation
The Celo Foundation was founded to support the growth and development of the decentralized, open source, mobile-first Celo platform to help build a carbon-negative financial system that creates the conditions of prosperity for all. The Foundation is guided by the Celo community tenets and contributes to education, technical research, environmental health, community engagement, and ecosystem outreach—activities that support and encourage an inclusive financial system. For more about Celo, visit https://celo.org/.