PANews reported on December 3rd that according to The Block, Safe (formerly known as Gnosis Safe) launched Safenet, a transaction processor network designed to enable users to manage assets across multiple blockchains. Safenet's goal is to achieve 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 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 liquidity fragmentation and the complexity of managing cross-chain transactions.