TL;DR:
- Safe Foundation launched Safenet, a decentralized security network for transactions with six independent validators. It is currently in beta.
- Holders can delegate their assets to the genesis validators to earn rewards, marking the token’s first economic function beyond governance.
- Each of the six founding validators deposited a minimum stake of 3.5 million tokens, equivalent to approximately $345,000.
Safe Foundation, the organization behind one of the most widely used non-custodial multisignature wallets in the crypto industry, launched Safenet, a decentralized network designed to validate transaction security before execution. Although it remains in beta, holders of the protocol’s token can already delegate their assets to the network’s genesis validators and begin accumulating rewards.
The mechanism relies on a network of independent validators that evaluates proposed transactions against a predefined set of security rules. If a transaction passes that verification, the validators issue a cryptographic attestation that the Smart Contract module known as “Safe Guard” —installed on the user’s account— must confirm before allowing execution. The system was designed to neutralize common attack vectors such as phishing schemes, malicious code deployments and signing errors.
Safe Closes the Gap Between Signing and Intent
Richard Meissner, co-founder of the protocol, stated: “Crypto has spent years building better warnings. That’s not enough. Attackers have exploited the gap between what users sign and what they actually intend to do. We solved that problem at the protocol level.”
The six founding validators —Greenfield, Gnosis, Safe Labs, Rockaway, Blockchain Capital and Core Contributors GmbH— each deposited a minimum stake of 3.5 million tokens. This transforms the token, previously limited to governance functions, into an asset with utility and economic value.
No Unilateral Control Exists in the Network
The network was designed with Byzantine fault tolerance, allowing it to operate correctly even if up to one-third of validators act dishonestly. Meissner also emphasized that “no single entity controls” the network unilaterally.
Safe is a reference option for institutions managing funds onchain. Its users include the Ethereum Foundation, Circle and Coinage DAO. In 2025, users deployed 18.3 million new smart accounts, the platform processed more than $600 billion in transaction volume during that year, and the ecosystem reported more than $10 million in annualized revenue.
