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io.finnet: the Enterprise Alternative to Safe{Wallet} (Gnosis)

February 27, 2025
5 min
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As digital asset management evolves, some companies require additional security features, advanced automation, and seamless back-office integrations to support their operations. While Safe{Wallet} (Gnosis) is a well-known option, organizations with more complex needs may seek a platform that offers enhanced security, deeper automation, and built-in reconciliation and reporting tools. io.finnet is designed to meet these demands, providing a self-custody solution that balances security, scalability, and operational efficiency.

io.finnet vs Safe{Wallet} (Gnosis) Matrix 👇

Breaking Down the Key Differences

1. Advanced Self-Custody with Trustless Multi-Party Computation (tMPC)

Safe{Wallet} (Gnosis) relies on multi-signature (multisig) technology, which requires multiple approvals for transactions. While multisig improves security compared to single-key wallets, it has limitations:

  • Chain dependency: Primarily designed for Ethereum, with limited support for other chains.
  • Transactions are visible on-chain, exposing signers' identities.

io.finnet leverages trustless Multi-Party Computation (tMPC), a cryptographic innovation that allows multiple parties to approve transactions without ever reconstructing a private key. This means:

  • No single point of failure, signing authority is distributed.
  • Signers remain completely anonymous on-chain.
  • If a signer loses access, threshold-based recovery mechanisms allow business continuity.

2. Security and Privacy: Eliminating On-Chain Exposure

With Safe{Wallet} (Gnosis), every signer’s approval is recorded on-chain, exposing transaction details and making it easy for external parties to analyze signers’ behavior.

io.finnet eliminates this risk by ensuring that:

  • All transaction approvals happen off-chain, protecting signer identities.
  • It utilizes Threshold Signature Schemes (TSS), meaning the final blockchain transaction appears as a single signature, reducing gas costs and avoiding scrutiny from competitors.
  • Security is further enhanced through Intel SGX-secured virtual signers, allowing enterprises to enforce cryptographic transaction policies beyond human signers.

3. Enterprise-Grade Transaction Automation & APIs

While Safe{Wallet} (Gnosis) offers some automation, io.finnet goes further with native automation and policy enforcement that eliminates the need for external tools.

io.finnet provides:

  • Customizable transaction policies that automate approvals based on predefined business rules.
  • A powerful GraphQL API for seamless ERP and payment system integrations.
  • A Virtual Signer that independently enforces policies using cryptographic rules, reducing reliance on manual approvals while maintaining security and compliance.

4. Institutional-Grade Features for Large-Scale Operations

Safe{Wallet} (Gnosis) was built as a simple multisig wallet for DAOs and small businesses, but lacks the features needed for institutional adoption. io.finnet bridges this gap with:

  • Native CSV reporting for reconciliation and tax purposes (no need for external tools).
  • Integrated security logs for full transaction history and compliance audits.
  • Batch processing of multiple transactions at once, improving workflow efficiency.
  • Automation, eliminating reliance on third-party scripts or manual interventions.

Conclusion

While Safe{Wallet} (Gnosis) is a strong choice for DAOs and small teams, io.finnet is designed for enterprises of all sizes that demand greater security, automation, and compliance features. With trustless MPC, automated transaction approvals, multi-chain compatibility, and built-in reporting tools, io.finnet delivers a superior alternative for large-scale digital asset management.

If you're looking for a secure, scalable, and automation-driven alternative to Safe{Wallet} (Gnosis), it's time to explore io.finnet. 

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