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

Odaily News The Ethereum Foundation (EF) has now begun using the Safe Protocol, migrating its fund management business to the Safe Protocol's RWA smart account, and implemented a new 3/5 multi-signature wallet to manage 50,000 ETH (about US$160 million) to support DeFi development.
The Foundation’s strategic decision to select 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 space, this strategic move further strengthens Safe’s leading position as the infrastructure layer for digital assets and marks another important step forward in Safe’s vision to migrate the world’s GDP to the blockchain. Currently, the total assets stored in Safe accounts have exceeded $100 billion.
The Ethereum Foundation said: “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. We will transfer more funds over time.”