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Users can now manage native Klaytn assets and projects across multiple devices and access over 100 blockchains through the suite of crypto wallets
Korea/Singapore May 9, 2023 SafePal, a comprehensive suite of non-custodial crypto wallets, integrated Klaytn, a global layer-1 blockchain platform, supporting its native assets and established decentralized applications (DApps) as part of expansion plans in South Korea.
The move comes strategically for the holding company after growing from 8 million to more than 10 million users this year. Offering hardware and software wallets in addition to browser wallet extensions, with integrations for over 100 blockchain networks, over 200,000 tokens and non-fungible tokens (NFTs), this will be SafePal’s first major foray into the Korean market. , as the portfolio suite seeks to add distribution channels for Korea to the 200 regions and countries currently supported.
Veronica Wong, CEO and co-founder of SafePal, said:
While the self-custody offered by Web3 and DeFi is increasingly important amid growing concerns about traditional financial systems, adoption is still hampered by language and geographic barriers. Klaytn is a leading blockchain in Korea for Web3 and DeFi, so this partnership made perfect sense, as we want users to access exciting opportunities across all established ecosystems globally.
To facilitate this initiative, SafePal will also seek to integrate established Klaytn DApps such as KLAYswap, DeFi Kingdoms, Pala, Kleva, and Swapscanner for users to access various Web3 verticals.
SafePal will also potentially look to add Korean to the 15 languages it currently supports to allow users to seamlessly manage native tokens and assets on the Klaytn network through the SafePals wallet suite and other supported networks. charge.
Sam Seo, Representative Director of the Klaytn Foundation, said:
As a complete suite of multi-chain crypto wallets with a streamlined UX and flexible access through their mobile, web and hardware wallet, the integration of SafePal will provide their 10 million web3 users worldwide a seamless way to discover and participate in the dynamic ecosystem of Klaytn.
Giving users access to polished self-service wallet solutions that minimize barriers to entry into the Klaytn ecosystem is one of the top priorities of the Klaytn Foundation. To enable the transformation of Klaytns into a public foundational layer for tomorrow’s decentralized blockchain world, Layer 1 will undergo sweeping changes and enhancements over the course of the year, including a tokenomics overhaul, the implementation of decentralized on-chain governance and a transition to a permissionless structure. .
Klaytn integration comes with the latest version update of SafePal. The update also includes support for custom RPC networks, Layer 1s, such as Osmosis and Sui, improved staking, and on-ramp and out-ramp functionality for the wallet suite. , to further enhance utility and interoperability across channels.
Other plans for the year for SafePal include adding social recovery and other security features, as well as continued efforts toward open-sourcing its solutions to bring security, transparency, and user experience to even greater heights.
About SafePal
SafePal is a complete suite of crypto wallets providing hardware wallet, mobile app and browser extension solutions. As a non-custodial wallet suite, SafePal aims to empower users to own their crypto adventure by allowing them to access opportunities securely in the decentralized world.
The SafePal platform serves over 10 million users worldwide and supports 15 languages and over 100 blockchains with their tokens and NFTs. It also encompasses crypto asset management solutions such as cross-chain exchange, trading and yield tools for users.
SFP is a decentralized BEP-20 utility token and the growth engine of the SafePal ecosystem and can be used to purchase discounted SafePal products, seamlessly converted to gas through in-app chains, in addition to rewarding token holders and educational programs.
Stay informed about SafePal here.
About Klaytn
The Klaytn Foundation was established in 2020 to expand the ecosystem of Klaytn, a global layer-1 blockchain platform, and has since been actively collaborating with its governing council members around the world.
The Klaytn Foundation facilitates the adoption and development of new technologies to ensure that Klaytn fulfills its role as an open, reliable and sustainable blockchain platform for developers and users. It also facilitates decision-making to ensure that the ecosystem continues to develop optimally in the ever-changing blockchain landscape.
In line with its long-term governance roadmap, the Klaytn Foundation plans to fully implement the decentralization phase of the Klaytn blockchain in 2023 and beyond.
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Press inquiries:
Cheong Cheng Jie (CJ)
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