Safle Announces Strategic Investment from The Binary Holdings, Poised To Reach an Unprecedented 169 Million Wallets
Dublin, Ireland, December 20th, 2024,
In a bold step set to redefine the future of digital finance, Safle proudly announces a strategic investment from The Binary Holdings, marking a transformative milestone in its journey. This acquisition positions Safle as one of the key players within the non-custodial wallet market in Web3, serving over 169 million users. With The Binary Network’s established partnerships with major enterprise clients, including telecom companies throughout Southeast Asia, Safle’s integration now positions it as the default wallet for the millions of users across The Binary Network. This integration empowers millions of everyday users to access and engage with decentralized applications (dApps) effortlessly, without the friction and complexities of navigating new web3 tools and technologies.
This acquisition marks a powerful alliance between Safle and The Binary Holdings, a leader in Web3 infrastructure solutions. By joining forces, the two companies are poised to accelerate their shared vision of onboarding the next billion users to Web3. The Binary Holdings will leverage Safle’s multichain non-custodial wallet to create identity-linked wallets, enabling telecom users to earn $BNRY tokens and seamlessly access decentralized applications (dApps) within The Binary Hub. Together, they will create an even more robust ecosystem where users can effortlessly manage their digital assets and engage with dApps without the complexities typically associated with cryptocurrencies.
“The Binary Holdings’ investment is a game-changer for Safle and our users,” said Apoorv Shankar, Technology and Product Lead at Safle. “With their expertise in Web3 infrastructure, we can scale faster, enhance our offerings, and continue our mission to make decentralized finance accessible to everyone.”
At its core, Safle aims to bring the best self-sovereign cross-chain identity solution out there to Web3, empowering users globally by offering a unified platform to manage both digital assets and identity. The wallet provides a comprehensive suite of features, from storing and transacting multiple cryptocurrencies to accessing a range of financial services — all from a single, easy-to-use interface. This achievement not only expands Safle’s user base but also strengthens its mission to bring simple and secure wallet and web3 infrastructure solutions to every human.
As The Binary Holdings brings its resources and expertise to the table, Safle will continue to advance its mission of simplifying cryptocurrency usage. Users will benefit from a platform that makes Web3 as intuitive and accessible as traditional internet services, allowing them to engage with decentralized applications effortlessly.
“By abstracting away the complexities of crypto, we are creating a world where everyone can participate in the digital economy,” added George Papas, VP of Tech at The Binary Holdings. “This acquisition is a massive leap forward in our mission to onboard the next billion users into Web3.”
Currently, the protocol’s multichain identity wallet and SafleID allow users to manage assets on more than 10 blockchains through a single human-readable username, simplifying the Web3 experience for millions. Safle has also expanded its in-house development to include AI, on-chain identity (SSI), and seamless pseudonymous onboarding. This ensures that Safle continues to push the boundaries of user experience, making decentralized finance more accessible to both crypto-native and mainstream users.
The Binary Holdings’ investment will enable Safle to accelerate its growth trajectory, scale its user base, and enhance its technological capabilities. With access to The Binary Holdings’ advanced infrastructure and network across Southeast Asia, Safle is well-positioned to deliver on its promise of making digital finance more accessible. This partnership will unlock new opportunities for millions of users to engage with decentralized applications, effortlessly bridging the gap between traditional and digital economies.
“By combining our strengths with The Binary Holdings, we are building a future where everyone can participate in the digital economy without the need for technical knowledge or intermediaries,” added Shikha Mehra, Head of Strategy and Governance at Safle. “Together, we are driving the mass adoption of Web3.”
About Safle
Safle is a next-gen multichain, non-custodial wallet and self-sovereign identity protocol designed to offer the safest and simplest on-chain user experience. The protocol’s multichain identity wallet and SafleID allow users to manage assets on 10+ blockchains through a single human-readable username. The $SAFLE token has utility for SafleID where it is instrumental to generate & manage SafleID’s.
About The Binary Holdings
The Binary Holdings (TBH) provides innovative Web3 infrastructure solutions for telecommunication companies and banks in emerging markets. With a user base of over 169 million, TBH offers scalable, cost-effective infrastructure services that are pivotal to the adoption of Web3 solutions. At the heart of TBH’s ecosystem is the $BNRY token, which powers transactions and user interactions, creating an interconnected environment where users can easily access decentralized applications and services.