“Despite raising $47 million in a week to buy the US Constitution, we ran into basic operational challenges that were just crazy at that scale.” 

This candid confession from Den founder Jonah Erlich during a Twitter Space with Zeeve CEO Dr. Ravi Chamria perfectly captures why treasury management remains Web3’s unsexy yet critical challenge.  On December 11th, the two leaders came together to discuss how their partnership is tackling this complexity head-on for teams building custom appchains and rollups.

The conversation exposed the daily struggles of Web3 teams – from finance managers hunting through explorers for 6-month-old transaction details to teams coordinating multisig approvals across time zones. Den’s solution, built on Safe’s battle-tested infrastructure, is bringing enterprise-grade treasury tools to teams of all sizes and how it can be integrated in a few clicks with your custom blockchains.

Listen to the full conversation here:

https://x.com/i/spaces/1yoKMyzDDMoKQ

Key Takeaways:

• Den uses Safe’s trusted multisig infrastructure, which secures more assets than all of DeFi combined
• Through Zeeve’s RaaS platform, teams can deploy custom chains with Den’s multisig infrastructure pre-integrated
• Teams can import existing Gnosis Safes directly into Den, maintaining full self-custody while gaining enhanced features
• Den can deploy Safe contracts on new EVM chains within 2 weeks, enabling secure treasury management for custom appchains
• The platform includes built-in expense tracking, automated notifications, and direct QuickBooks integration
• Over $1.3 billion in volume has already flowed through Den, serving major protocols like Lido and Alchemix

Picture this: A team member submits a monthly compensation request in crypto. Today, that means juggling between Google Forms, spreadsheets, Safe transactions, and Etherscan – with context lost at every step. This is more like what Jnah mentioned: 

“Your accountant is asking you 6 months from now, ‘Who is this getting paid and why?’ times 3,000 for the 3,000 payments made over the last year.”

Dr. Ravi resonated with this challenge from Zeeve’s experience: 

“People pay in USDT across BNB chain, polygon, optimism, base, and Tron and Ethereum. Then there’s USDC, native tokens – it’s a nightmare managing all these networks, especially securing them among the team while handling the accounting side.”

Den’s abstracts away the multi-chain management complexities and its integrated approach ensures context flows seamlessly from submission to approval to accounting. All these without adding to the attack surface. Den adds the operational layer that teams desperately need. 

“We benefit from Safe’s audited, trusted smart contracts. We add no additional smart contract surface area..” 

These help Den maintain full self-custody. For on-chain enterprises already using Den, the impact is substantial. Teams report saving several days every month in operational overhead. The platform’s automated notifications solve the common challenge of slow signers, while transaction simulations and enhanced decoding help signers understand exactly what they’re approving.

“This very much feels like the product market fit cycle,” Jonah noted.”There is a very clear sense, both within the industry and outside, that crypto is here to stay, that it has utility that significantly exceeds traditional financial rails.”

The discussion took an interesting turn when addressing institutional adoption. While many are focused on Bitcoin ETFs bringing traditional investors to crypto, Jonah pointed to an opposite trend:

“BlackRock has a fund called Circle that you can purchase on chain. This is a lot more exciting than folks selling on-chain products off chain – it means BlackRock sees enough of a market on chain that it’s worth their time and resources.”

For teams deploying custom chains on Zeeve’s infrastructure, treasury management is now seamless with Den integration without jiggling through multiple SDKs & dashboards. 

“Most of the integrations take a good amount of time, but week to two weeks is pretty reasonable for most rollups that are launching.” 

Said Dr. Ravi, highlighting the efficiency of Zeeve’s deployment process. Zeeve’s enterprise-grade infrastructure, combined with Den’s treasury management solutions, creates a powerful foundation for Web3 teams.

Building a custom appchain or rollup? Get in touch with Zeeve’s experts to see how you can launch with integrated Den multisig support for secure treasury management from day one.