MomentumSafe, a company providing secure wallet services for decentralized financial systems, has raised $5M in seed funding, according to an official tweet announcement.
JumpCrypto led the funding round that also saw great participation from Circle Ventures, Coinbase Ventures, Redpoint Ventures, SV Angel, Shima Capital, Spartan Group, Superscrypt, and more.
The money raised will enhance and accelerate the company’s overall growth by hiring new employees, developing its product portfolio, and scaling product adoption.
Originally called a wallet solution developer, MSafe is the first multi-signature, non-custodial digital assets management solution built on Move/Aptos. The company provides security solutions for users that seek extra protection from third-party activities. It does that by making sure the codes are secure, robust, and reliable, according to the whitepaper.