Non-custodial crypto wallet Safe reports fivefold revenue jump in 2025, not yet at ‘break-even’ profitability

The Safe Ecosystem Foundation, which manages the leading smart contract-based multisig wallet Safe (formerly Gnosis Safe), reported a fivefold increase in annualized revenue for 2025, reaching over $10 million, up from $2 million in 2024. Co-founder Lukas Schor emphasized this revenue growth is sustainable and not reliant on token subsidies. In 2025, Safe processed $600 billion in transaction volume, representing 43% of its lifetime volume. Although the non-profit organization is not yet profitable, it aims to break even and double revenue in 2026, with a long-term goal of achieving $100 million in annual recurring revenue by 2030. Safe is widely used by DAOs and institutions, securing significant assets like the Ethereum Foundation's 160,000 ETH treasury and Circle's $2.5 billion USDC reserves, while its open-source technology is also being integrated by firms like Ledger and Bitpanda.

(Source：The Block)