Safe, previously known as Gnosis Safe, has introduced Safenet, a transaction processor network designed for managing assets across various blockchains.

This platform operates as a meta protocol rather than a traditional blockchain, enabling users to interact with multiple blockchains through a single account.

Safenet's liquidity network allows users to contribute liquidity, which is crucial for the efficient operation of its processors, similar to nodes in a network.

By addressing liquidity fragmentation and the complexities of cross-chain transactions, Safenet aims to enhance the decentralized finance (DeFi) landscape.

The platform is designed to facilitate instant cross-chain transactions, providing execution guarantees for fast and secure asset transfers.

Co-founder Lukas Schor emphasized that Safenet's mission is to create a seamless and speedy experience for blockchain interactions, with aspirations to transition the world's GDP on-chain.

In 2022, Safe raised $100 million in a token sale led by 1kx, reflecting strong investor confidence in the platform's potential.

Recognized as a leader in smart account infrastructure within the Ethereum ecosystem, Safe offers multi-signature accounts, private key recovery, and development tools through its Core software stack.

Governed by SafeDAO, the platform secures nearly $85 billion in assets and provides tools for managing cryptocurrencies across Ethereum-based applications.

A spokesperson likened Safenet to VisaNet, describing it as a transaction processor network that connects existing networks to streamline operations.