Yes. A properly configured multisig is safer than relying on a single hardware wallet alone. Not because hardware wallets are weak, but because security failures are rarely purely technical. They are human, operational, and organizational.
A hardware wallet does one thing extremely well. It protects a private key by keeping it offline. If you are an individual managing personal funds, that may be enough. Once you move into team funds, company treasuries, DAOs, or investor capital, one key becomes a single point of failure no matter how well protected it is.
Multisig addresses that problem directly.
A multisig wallet created using platforms like Safe spreads control across multiple independent signers. No single person can move funds alone. No single mistake can drain the treasury. No single compromised device ends the story.
This is the key difference.
Hardware wallets protect keys.
Multisig protects decisions.
If one hardware wallet is lost, multisig can recover.
If one signer is compromised, multisig can block damage.
If one person goes rogue, multisig can override them.
None of that is possible with a single wallet, even a very secure one.
This is also why most serious setups combine both. They do not choose multisig instead of hardware wallets. They use hardware wallets as multisig signers. That way each signer’s key is protected offline and no signer can act alone.
Relying on one hardware wallet assumes perfect behavior forever. No rushed transactions. No phishing. No social engineering. No personal emergencies. That assumption does not hold in real organizations.
Multisig accepts reality. People make mistakes. People leave. Trust changes. Systems need resilience.
It is worth being clear about one thing. Multisig is not magic. A poorly designed multisig can be weaker than a single well managed hardware wallet. If all signers use software wallets or the threshold is set too low, the security benefits disappear.
But when done correctly, multisig plus hardware wallets is the industry standard for a reason. It is how protocols, foundations, funds, and mature DAOs secure assets at scale.
The takeaway is simple.
One hardware wallet protects against technical attacks.
Multisig protects against human risk.
Real security requires both.