Safe Drives $1.49B for Cobo and HQ.xyz in Asia's Crypto Boom

Safe smart accounts are at the forefront of Asia's institutional crypto surge, enabling $1.49B in transaction volume for partners like Cobo and HQ.xyz. With advanced multi-signature wallets and seamless integration into enterprise operations, Safe empowers businesses to thrive in the decentralized economy.

Asia's institutional crypto adoption is accelerating rapidly, with Safe smart accounts at the heart of this transformation. Leading builders Cobo and HQ.xyz are leveraging Safe's infrastructure to process billions in transaction volume, with Cobo enabling over $390M in liquidity through Cobo Safe and HQ.xyz tracking nearly $1B for major onchain businesses including Mantle, Pixelmon and Ocean Protocol.

Safe’s current smart account protocol offers abstraction and multi-signature interactions which to date has processed over $865 Billion of outgoing transaction volume and currently holds 6.8% of all USDC in its Safe accounts. Now Safe’s ‘Safenet’ aims at overcoming barriers in interoperability between any on and off-chain industries helping move the $100 trillion GDP global economy on-chain.

Cobo: Institutional-Grade Wallet Infrastructure

Cobo, a trusted leader in digital asset custody and wallet technology, integrated Safe into its Smart Contract Wallets architecture to deliver enhanced security, flexibility and enterprise functionality. This integration brings: 

• Multi-Signature & Access Controls: Combining single-signature efficiency with the robust protection of multi-signature systems.

• Custom Transaction Policies: Offering granular control over token transfers and dApp interactions to suit diverse operational needs.

• Enterprise-Ready Integrations: Using Cobo Safe to create wallet addresses and move funds effortlessly across Custodial, MPC, and Exchange Wallets—bridging the gap between DeFi and CeFi with ease.

Cobo Safe has facilitated over $390M in liquidity and manages 1,300 active addresses, reflecting steady expansion and a robust track record in the industry. Looking ahead to 2025, Cobo plans to further expand its multi-chain support, introduce advanced automation, and enhance Cobo Safe in response to growing demand from fund managers, DAOs, and DeFi projects.

Headquarters: The Onchain Business Account

Headquarters (HQ.xyz) brings traditional FinOps and crypto payments together in one platform. Their mantra, “Banking Without the Bank,” empowers businesses to uphold the crypto ethos of self-custody while enjoying an intuitive, unified platform for all financial operations.

By leveraging Safe’s secure wallet framework, HQ.xyz allows businesses with onchain revenue and treasury to:

• Easily make payments using tokens, with Safe multi-sig controls and ability to draft payment instructions in advance 

• Seamlessly pay third-parties with Stablecoin-to-Bank Payouts for corporate expenses such as payroll and vendor payments

• Self-Custodial Visa Corporate Cards that spend stablecoins globally

• Integrated Crypto Accounting with popular accounting tools, Xero and QuickBooks.

Having tracked nearly $1B for clients like Mantle and Ocean Protocol, HQ.xyz plans to launch global corporate cards,deeper DeFi tracking tools, and comprehensive invoicing in 2025—all secured by Safe’s smart accounts.

Safe's HUGE Numbers in 2024:

• $100B+ total assets stored

• 53M transactions executed

• 20M accounts deployed

• 200+ ecosystem projects are built on the Safe smart account standard.

The Future of Safe

Meanwhile, Safe's user base continues to entrust it with over $100B in assets, with momentum building to expand well beyond this milestone as adoption accelerates across both traditional web3 assets and the rapidly growing sectors of stablecoins and RWAs, where transaction volumes and TVL have seen remarkable growth in 2024. As fundamentals like revenue potential and everyday usability gain importance, Safe stands out as the category leader in self-custodial solutions, embodying the core principles of crypto sovereignty and security.

In the RWA space, Safe’s RWA Protocol recently introduced Safenet, a transaction processing network that promises millions in revenue-sharing opportunities. This network will bring multiple specialized co-processors to handle on- and off-chain inputs from AI, RWA, DeFi, PayFi, DEXs, and beyond.

Safe is an evolving ecosystem that’s helping move the world’s GDP on-chain 

A record-breaking year. Safe is an evolving ecosystem that’s helping move the world’s GDP on-chain 

More to come in 2025.