Safe launched the transaction processor network Safenet, supporting multi-chain asset management

ChainCatcher news, according to The Block, Safe (formerly Gnosis Safe) has launched the transaction processor network Safenet, aimed at enabling users to manage assets across multiple blockchains. The goal of Safenet is to achieve instant cross-chain transactions with execution guarantees, catering to users who need to transfer assets quickly and securely between different networks.

Safenet itself is not a blockchain, but a meta-protocol that acts as a connecting layer, allowing interaction with any blockchain through a single user account. Therefore, the project aims to address key challenges in DeFi, such as liquidity fragmentation and the complexity of managing cross-chain transactions.