Ethereum Foundation Selects Safe Protocol’s RWA Smart Account to Manage $160 Million in DeFi Funds

Odaily reports that the Ethereum Foundation (EF) has now started using the Safe protocol, migrating its fund management business to the Safe protocol's RWA smart account, and implementing a new 3/5 multi-signature wallet to manage 50,000 ETH (about $160 million) to support the development of DeFi. The Foundation's strategic decision to choose the Safe protocol infrastructure comes as it prepares to expand its participation in DeFi protocols, starting with initial testing on the Aave platform. As one of the most influential organizations in the cryptocurrency field, this strategic move further strengthens Safe's leading position as a digital asset infrastructure layer, marking another important step towards Safe's vision of migrating the global GDP to the blockchain. Currently, the total assets stored in the Safe account have exceeded $100 billion. The Ethereum Foundation stated: "EF will use this new wallet to participate in the DeFi ecosystem. We have already conducted test transactions on Aave. Please stay tuned. In addition, Safe has proven its security and has an excellent user experience, and we will move more funds over time."