ChainCatcher message, reported by 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, meeting the needs of users who require quick and secure asset transfers between various networks.

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