Multi-network access refers to the capability of a digital asset platform, application, or user to interact with and transact across several distinct blockchain networks. This functionality allows users to leverage the unique advantages of different chains, such as lower fees on one network or specialized features on another, from a single interface. It addresses the siloed nature of individual blockchains, enhancing interoperability and user flexibility. This access improves the overall utility of decentralized applications.
Context
The demand for multi-network access is growing rapidly as the blockchain ecosystem expands with numerous Layer 1 and Layer 2 solutions. News frequently highlights new cross-chain bridges, aggregators, and wallets that enable seamless interaction across various networks. This trend is crucial for improving user experience and fostering a more connected and efficient decentralized financial landscape.
The pilot establishes SWIFT's existing infrastructure as the critical middleware, solving asset tokenization fragmentation for 30+ global financial institutions.
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