MSafe recently announced the conclusion of a seed funding round, raising $5 million. Known for developing the first multi-signature wallet platform in Aptos.

The round was led by Jump Crypto, while names like Coinbase Ventures, Circle Ventures, Redpoint Ventures, Superscrypt, Shima Capital, SV Angel, Spartan Group, etc. attended.

Since the platform deployed the wallet to Aptos in October, MSafe has been rapidly adopted by DeFi, NFTs, DEXs, and more. The MSafe solution has been designed to provide complete interoperability, true decentralization and quality security.

This addresses challenges, such as the mass adoption of virtual assets. Developed in Move, a secure Web3 programming language to add a security layer on top of Move. Protects users’ assets, code, accounts and wallets. Additionally, it provides a secure framework for Move-based projects.

The platform is scalable for organizations, individual users, and businesses. MSafe also connects businesses with Move, securing assets to enable teams to collaboratively co-monitor on-chain assets.

Wendy Fu, the CEO, and Jacky Wang, the CTO, have assisted with more than 12 projects in Aptos. These projects have already been incorporated with MSafe for smart contract implementation, blockchain protocol control, and treasury management.

Fu also spoke about the recent development, stating that MSafe was created to offer security and DeFi services that scale the management of on-chain digital assets and transactions. The team aims to be a one-stop station for individuals, businesses, and institutions to grow and manage their virtual assets.

Funds raised by MSafe will be used to grow the team, promote product adoption, and develop new products. Given the involvement of the parties and the scale of the amount raised, MSafe is expected to grow enormously.