Safe
Safe Labs
Safe (formerly Gnosis Safe) is a self-custody multisig smart account for Ethereum and other EVM chains, designed for teams, DAOs and treasuries. Each account is a programmable contract requiring multiple signers (e.g. 3 of 5) to approve a transaction, with spending limits, role-based controls and transaction simulation. It is non-custodial infrastructure: users remain the only controllers of the signers. Safe contracts are open-source and audited multiple times, and collectively secure tens of billions of dollars.
Data & conditions
| Fund custody | Self-custody (funds in your control) |
|---|---|
| Type | Smart-contract wallet |
| Source code | Open-source |
| Recovery | Multisig (firmatari sostituibili) |
| Bitcoin-only | No |
| Supported chains | Ethereum, Polygon, Arbitrum, Optimism, Base, Gnosis Chain |
| WalletConnect | Yes |
| Security audits | Ackee Blockchain, Certora |
| Segment | B2C, B2B |
| MiCA / License status | Nessuna (wallet self-custody non-custodial) |
Strengths
- Programmable multisig (replaceable signers, thresholds, roles, limits); open-source, heavily audited contracts; de-facto standard for EVM treasuries and DAOs.
- Self-custody: funds stay in your wallet — the platform cannot touch them.
- No KYC: usable without identity verification.
- Open-source, verifiable code.
- Self-hostable: you can run your own instance or node.
- Public security audits.
Weaknesses
- Built for teams/treasuries, less suited to everyday solo use; no native swap/staking (relies on integrated external apps); EVM-only.
- No notable sovereignty drawback documented.
Verdict
Score 4.5/5, very strong profile. In its favour: programmable multisig (replaceable signers, thresholds, roles, limits); open-source, heavily audited contracts; de-facto standard for EVM treasuries and DAOs. The trade-off to weigh: built for teams/treasuries, less suited to everyday solo use; no native swap/staking (relies on integrated external apps); EVM-only.
On the Sovereignty lens the score is 4.8/5 (outstanding): the strength is privacy & anonymity (5.0/5), while fund control (4.4/5) is the weak link.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Is Safe custodial?
No. Safe is non-custodial self-custody infrastructure: the account is a multisig smart contract and only the signers you choose control the funds. Safe Labs has no access to the assets.
What is a Safe multisig?
It is a smart-contract account that requires multiple signers to approve a transaction (e.g. 3 of 5 signatures). It removes a single point of failure and is widely used by DAOs and treasuries.
Which networks does Safe run on?
Safe runs on Ethereum and on more than a dozen EVM chains. The contracts are open-source and collectively secure tens of billions of dollars.
Sources
- Official service page Custodia · Multisig · Funzioni Data verified on Jun 20, 2026
- github.com Sovranita.open source Data verified on Jun 20, 2026
- safefoundation.org Storia · Azienda · Security audit Data verified on Jun 20, 2026