Safe, the company previously known as Gnosis Safe, has launched Safe Labs, a dedicated division focused on enterprise-grade self-custody wallet solutions for institutional investors. Led by Rahul Rumalla, former Safe Chief Product Officer with 15 years of experience in Web3 infrastructure, Safe Labs aims to enhance modular smart contract technologies to meet the highest security standards demanded by institutions. This move comes amid growing interest from financial players who seek to manage their digital assets more securely. Safe Labs’ launch signifies a significant step towards bolstering institutional crypto adoption and addressing critical vulnerabilities such as blind signing vulnerabilities, which have been exploited in recent market exploits. The company’s expertise positions it for success in the burgeoning 10% EVM smart-account market. With Safe Labs, the company looks to solidify its competitive position by setting industry standards in modularity and secure multisig setups while potentially shaping regulatory landscapes, financial processes, and technological advancements within the crypto space.