Safenet is Safe’s bid for an ‘onchain VisaNet’

New cross-chain solutions are tackling persistent challenges presented by Ethereum’s rollup-centric roadmap.

Safe’s Safenet, planned for release in 2025, aims to operate as a transaction processor network atop existing blockchains, offering execution guarantees for cross-chain transactions.

Safenet’s design — announced today — introduces a set of capabilities targeting longstanding issues in DeFi, such as speed, security and liquidity fragmentation. It reimagines transaction processing by unbundling execution and settlement, akin to VisaNet’s architecture.

At its core, Safenet aims to dramatically improve transaction efficiency, processing transactions in under one…

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