Safe Development Studio Expands Its Leadership Team, Hires Rahul Rumalla As Vice President of Engineering

Berlin, Germany - 11 July, 2024 - Core Contributors, Safe’s Development Studio, developer of the leading smart wallet infrastructure Safe securing more than $100 billion in value of digital assets secured, today announced the strengthening of its leadership team with the appointment of industry veteran, Rahul Rumalla to Vice President of Engineering. 

Rumalla previously founded two innovative Web3 companies, Paperchain and Otterspace, and worked as Director, Engineering & Product with SoundCloud. During his tenure, Rumalla was instrumental in establishing the Integrations and Partnerships group, driving key initiatives that expanded SoundCloud's reach and functionality.

Rumalla brings a wealth of experience from the crypto and music industries, combining his expertise as a technologist and product strategist. His journey began with his keen interest in addressing supply chain challenges within the music industry and finding solutions in the ethos of crypto. At the Safe project, he will be responsible for managing Safe’s engineering organization that currently secure assets worth hundreds of billions, denoting the scale and complexity of Rumalla’s new mandate.

Welcoming Rahul to the team, Richard Meissner, co-founder of the Safe project said, “Rahul is a seasoned crypto professional and a senior talent with over 15 years of valuable engineering experience. The Safe project is excited to have an executive of Rahul’s caliber onboard, his wealth of experience will be a strong addition to our team of web3 and infrastructure experts as we continue to lay the foundations for a smart account future empowering everyone to take full ownership of their digital assets.” 

Rumalla’s transition to Web3 was driven by a vision of building a decentralized internet as a public good, free from corporate monopolization. This philosophy aligns with Safe's mission to develop foundational and decentralized smart account infrastructure for the Web3 ecosystem.

Speaking on his appointment to the role, Rumalla said, "I am thrilled to join the extremely talented team at Safe. Safe’s mission to make smart accounts the standard for all Web3 users resonates deeply with my vision of a truly democratic and accessible decentralized internet. I am eager to utilize my experience and ambition to support Safe in its quest to create a secure and accessible future for Web3."

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About Core Contributors GmbH

Core Contributors GmbH, Berlin, Germany is a leading provider of software development and IT consulting services. Founded in 2022 by some of the core developers behind the Safe smart contracts, the company specializes in delivering innovative solutions to enhance the Safe Ecosystem. As a dedicated service provider for the Safe Ecosystem Foundation, Core Contributors GmbH plays a crucial role in developing and maintaining the Safe{Wallet} and Safe{Core} source code. Additionally, the company hosts a live version of Safe{Wallet} and Safe{Core} at https://app.safe.global/, ensuring users have access to a reliable and secure digital wallet experience. 

About Safe 

Safe (previously Gnosis Safe) is an onchain asset custody protocol, securing ~$100 Billion in assets today. Released as on open source software stack by the Safe Ecosystem Foundation, it is establishing a universal ‘smart account standard for secure custody of digital assets, data, and identity. Safe is built for the mission to unlock digital ownership for everyone in web3, including DAOs, enterprises, retail, and institutional users. Website, Twitter, Discord, Blog, GitHub, Docs.