Zug, Switzerland / Berlin, Germany – 6 June 2025 – Safe Ecosystem Foundation today announced the formation of Safe Labs, a commercial, fully-owned subsidiary dedicated to building enterprise-grade self-custodial solutions. Rahul Rumalla, previously Chief Product Officer at the Safe development studio Core Contributors, has been appointed CEO to drive the Safe Lab’s strategic growth.
This strategic evolution enables Safe Labs to focus on transforming Safe Smart Accounts into an enterprise-grade platform supporting business-focused self-custody use cases ranging from wallet-as-a-service infrastructure to deeply integrated workflows. The goal is to empower teams building institutional Web3 applications or requiring high-assurance digital asset management to leverage Safe Smart Accounts as their foundation.
“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.”, said Lukas Schor co-founder of Safe project and president of the Safe Ecosystem Foundation. “Rahul’s track record in product innovation and business growth makes him the ideal person to lead this next chapter, one focused on enterprise-grade compliance and security embedded into every layer of Safe technology, forging a new era of effortless, unassailable self-custody.”
Rahul Rumalla, who joined the Safe ecosystem in July 2024 as Vice President of Product & Engineering, brings over 15 years of leadership experience in engineering and product strategy, having previously founded Web3 companies Paperchain and Otterspace and served as Director of Engineering & Product at SoundCloud. “Ethereum will host trillion-dollar economies powered by Safe. We achieve this by delivering enterprise-grade products that remain accessible to everyone. This is our challenge, our vision, and our ambition” said Rumalla.
This move comes on the back of Safe crushing significant growth milestones, including recently surpassing $1 trillion in total volume processed (TVP) and facilitating nearly 2% of all Ethereum transactions as of May 2025. Safe{Wallet} has also seen explosive growth on L2s with over $10B in monthly transaction volume coming from Base and Arbitrum alone.
