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A&T Capital: Why we invested in Gnosis Safe

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A&T Capital is a venture capital fund for emerging disruptive technologies, focusing on backing early to growth stage startups.

Original source: A&T Capital

Gnosis Safe raised $100 million in financing, led by 1kx, with participation from A&T Capital and others. Used to unlock digital asset management and announced a rebrand to Safe.

Safe is solving one of the biggest obstacles to mass adoption of web3: hosting.

This strategic funding round brings together over 60 industry leaders who support smart contract accounts as the standard for unlocking digital ownership.

Financing Information

July 12 Today, Safe (formerly known as Gnosis Safe), a leading digital asset management platform, announced that it has raised $100 million, led by 1kx, with participation from A&T Capital, Tiger Global and others. Gnosis Safe, originally developed as an in-house tool, has become critical infrastructure for web3 as a means of securely managing digital assets.

Successfully voted in the community from Following the Gnosis spin-off, the Gnosis Safe project is rebranding to Safe and announced a $100 million strategic funding round led by 1kx. Tiger Global, A&T Capital, Blockchain Capital, Digital Currency Group, Greenfield One, Rockaway Blockchain Fund, ParaFi, Lightspeed, Polymorphic Capital, Superscrypt and 50 other strategic partners and industry experts also joined the round (see below) . The funding was raised for the Safe Ecosystem Foundation, a non-profit organization that protects strategic assets and contributes to the further development of Safe.

This round of financing is an important milestone in the development of Safe as a programmable ownership platform Secure management of digital assets, data and identities for DAOs, retail and institutional users. Funding and strategic alliances will allow Safe to grow an ecosystem of applications and tools on top of its smart contract account protocol.

“Safe is the most trusted platform for retail investors and businesses on Ethereum. We Believe that Gnosis Safe has the potential to be the next generation operating system in Web3, supported and maintained by users and developers alike. Its inspiring team, accumulated AUM, and trust gained over the years have strengthened our belief in the product and we are delighted to be part of this journey." - Jasmine, Founding Partner, A&T Capital

Unlocking ownership for everyone in web3

Safe has gained widespread adoption for its self-hosted solution for Processed over 600,000 transactions and secured over $40 billion in digital assets. Additionally, many high-value NFTs, including 13% of all Cryptopunks, are currently secured using Safe.

Safe has built the infrastructure to serve some of the largest DAO treasuries (1inch, BitDAO), financial institutions (Bitfinex, GSR) and enterprises (Shopify, AB Group). Additionally, individuals like Vitalik Buterin and Punk6529 (who participated in this round as an angel) use Safe to protect their most valuable personal digital assets.

About Safe

Use web3 Accounts Made Smart

Traditional web3 accounts consist of a single private Key control, usually derived from a 24-character secret phrase (mnemonic). As long as the user has this private key, they have control over the account. However, these private keys are often lost or compromised, resulting in complete loss of assets associated with the account.

Safe, on the other hand, uses individually configurable smart contract accounts to cater to different user groups Hosting requirements for:

Authentication using multiple private keys (multisig) or community control (DAO)

·Recovery and inheritance mechanism

·Improved transaction experience (transaction batching, gas abstraction)

·Transaction Checking and Hybrid Hosting

·Spend Limiting and Automation

“For mainstream adoption of web3, we need to overcome the risks and limitations of private key accounts. Safe provides key public products that can control digital assets, data and identities. The transition to smart contract accounts will be a joint effort of the entire web3 community." - Lukas Schor, Co-Founder, Safe

It's not a product - it's an ecosystem

Safe aims to foster a vibrant app and wallet ecosystem utilizing Safe smart contract accounts. This will be achieved through grants, ecosystem investments, and provision of developer tools and infrastructure.

“At the heart of security is an infrastructure independent of user groups and use cases. Because of this role, We are excited to engage different industry leaders to accelerate the adoption of smart contract accounts. With the extensive expertise and network of our partners, Safe is uniquely positioned to cover various vertical ecosystems, such as DAO, DeFi , NFT, P2E, and institutional products." - Christoph Simmchen, Co-Founder, Safe

Today, The Safe ecosystem already consists of many teams building on Safe. These projects offer specialized solutions for savings (Streams, Linen Wallet), treasury management (Coinshift, Parcel), DAO tools (Utopia Labs, Orca Protocol), NFTs (Prysm, Castle) and wallets (Rabby, Metamask Institutional).

Gaining widespread adoption for its self-hosted solution, Safe is the most trusted digital asset management platform today, Processed over 600,000 transactions and secured over $40 billion in digital assets. Additionally, many high-value NFTs, including 13% of all Cryptopunks, are currently secured using Safe.

About A&T Capital

A& ;T Capital is a venture capital fund for emerging disruptive technologies. The fund focuses on supporting early to growth stage startups. Backed by 5 fintech Decacorn ($10B+ valuations), early supporters of distributed ledger technology, and a team of experienced product leaders, A&T Capital is driving the next generation of startups in the decentralized digital age It has unique advantages in large-scale landing.

A&T Capital Recruitment

Block Chain Investment Manager/Analyst/Intern

Job Responsibilities

Research and analyze blockchain projects. Export reports and PR articles internally.

Contact with the project party, learn/use/evaluate the project and team of the project party.

Pay attention to the blockchain-related tracks. Output related articles and analysis

Job Requirements

He has great enthusiasm for the blockchain industry, loves to think, and has structured thinking and logical thinking ability.

Have certain blockchain industry knowledge. (Analysts: have a deep understanding of major public chains, DeFi, NFT, cross-chain, Layer2)

Experience in building financial models and data analysis is preferred.

Bachelor degree or above from a first-class university at home and abroad is preferred.

CFO/Chief Financial Officer

Job Responsibilities

Responsible for financial work, including fund/LP establishment, LP reporting, investment transactions and communication with Investment manager communication;

Responsible for financial accounting reporting, including management of current assets;

Prepare monthly, quarterly and annual management reports and submit reports to the management, audit committee and board of directors;

Communicate with service partners such as fund managers, auditors

Proper tax planning and reporting according to relevant regulations;

Supporting new license applications and launching fund structures;

Supporting a comprehensive evaluation of a fund's investment assets;

Manage the compliance of various agreements between the fund and suppliers and customers according to legal requirements;

Suggest and support the establishment of holding companies Appropriate accounting, financial controls and risk management to help them meet external audit and private/public fundraising requirements.

Job Requirements

More than 5 years of relevant work experience in financial audit or asset management companies;

Have experience in financial work in medium-sized companies, support Establishment of funds, establishment of LPs, and communication with investment managers;

3+ years in leadership positions, managing small teams;

Able to work independently;

Good presentation and communication skills;

Familiar with MAS regulations, IFRS and/or US GAAP;

Audit experience in asset management industry is preferred;

Ability to thrive and be energetic in a new start-up business.

PR Director/Manager

Job Responsibilities

Responsible for formulating and implementing A&T Capital's public relations strategy.

Supervise the content management of the company's various channels (Twitter, media, website, WeChat official account, etc.), and establish the media influence of A&T Capital

Job Requirements

Familiar with Coindesk, Cointelegraph and other international media channels, with experience in brand building and public relations.

Confident written and oral communication skills.

Fluent English, which can be used as a working language.

Have experience in the blockchain industry, have a strong sense of responsibility, and can adapt to the rhythm of the blockchain industry.

Work results (including but not limited to)

1. Direct contact with the top blockchain project parties, communicate directly with project party members, and maintain close contact.

2. Keep in touch with the latest development trend of the blockchain for the first time, and closely participate in the rapid development iteration of the industry.

3. Industry-leading salary and benefits.