Safe Launches Transaction Processor Network "Safenet" to Support Cross-Chain Asset Management

Safe (formerly Gnosis Safe) has launched Safenet, a transaction processor network designed to enable users to manage assets across multiple blockchains. Safenet aims to enable instant cross-chain transactions with execution guarantees, meeting the needs of users who need to quickly and securely transfer assets between networks. Safenet is not a blockchain in itself, but a meta-protocol that acts as a connection layer to interact with any blockchain through a single user account. As such, the project hopes to address key challenges in DeFi, such as fragmented liquidity and the complexity of managing cross-chain transactions. (The Block)