Gate News, March 19 — Safe Foundation announced a five-year token investment agreement with JOIN. This is the second collaboration in the Safe 5M SAFE ecosystem partnership plan, further strengthening on-chain coordination following the partnership with Worldcoin. The agreement aims to establish long-term economic ties with ecosystem leaders building self-custody infrastructure through a standardized, non-exclusive model.
JOIN has built a fund management system supported by Safe, simplifying crypto and self-custody processes for institutions and individual users. It enables on-chain asset management, proposal approval, fund operations, and multi-chain access. Its infrastructure uses Safe smart accounts as cross-EVM multi-signature account abstractions, combined with transaction simulation and automatic revocation mechanisms to enhance security and reduce operational risks. JOIN also plans to integrate Safe Strategy Engine to implement granular approval workflows, balancing security and efficiency.
This partnership marks a deep economic and strategic integration between Safe and JOIN, aiming to promote large-scale self-custody adoption. By reducing friction in asset management, team coordination, and cross-chain wallet operations, users can more easily access on-chain self-custody while enjoying greater flexibility and security.
The Safe Ecosystem Foundation plans to invest up to 5 million SAFE tokens through multi-year token swaps and equity investments to accelerate the development of on-chain economy and self-custody infrastructure. The collaboration adopts an open protocol emphasizing standardization and non-exclusivity, ensuring that as self-custody infrastructure moves from experimentation to maturity, Safe and its driving teams maintain close economic and strategic ties.
This initiative not only provides seamless self-custody access for individuals and organizations but also incentivizes ecosystem builders, improving on-chain coordination efficiency and promoting widespread adoption of digital asset self-custody and on-chain collaboration tools.
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