DeFi News

Krystal DeFi Integrates Cross-Chain Router Multichain, Enabling Seamless Asset Bridging Between Blockchain Networks

Krystal DeFi Integrates Cross-Chain Router Multichain, Enabling Seamless Asset Bridging Between Blockchain Networks

Krystal DeFi, a multi-chain platform to easily access popular decentralised finance (DeFi) services and manage non-fungible tokens (NFTs), has partnered with Multichain to enable cross-chain bridging transactions on both desktop and mobile.

Latest Fintech News: COINZIX Announces $300,000 Investment from Legion Ventures

This integration allows Krystal users to bridge more than 1,100 assets to and from its 9 supported blockchain networks (Ethereum, BNB Smart Chain, Polygon, Avalanche, Fantom, Cronos, Arbitrum, Aurora and Klaytn).

Users no longer have to visit third-party sites to bridge assets across chains, and they can now enjoy the full suite of transactional services – send, swap, bridge and earn on a single platform.

With Krystal being available on both mobile and desktop, users can enjoy the convenience and flexibility of bridging assets on the go, even if they do not have access to their computer.

Regarding this new integration, Sunny Jain (CEO, Krystal) mentions, “This integration with Multichain brings us one step closer towards a multi-chain future. Krystal already supports wallet and swap services on 10 blockchains collectively. Now with the launch of our asset bridge service, this will give our users greater freedom to utilise their assets on the network of their choice.”

Latest Fintech News: Accenture Invests in pulsESG to Advance ESG and Sustainability Measurement, Decision Making and Reporting for Companies

“We are delighted that Krystal DeFi has chosen to integrate Multichain‘s Cross-Chain Router Protocol to support its multi-chain ecosystem.​​ As a Web3.0 infrastructure, we are glad to provide Krystal users a lower-cost, faster and more secure cross-chain experience.” says Zhaojun, CEO & Co-Founder of Multichain.

Apart from bridging assets, users can perform token swaps, lend out their tokens for passive income and manage their multi-chain portfolio within the convenience of one platform. Apart from EVM-compatible chains, the Krystal mobile wallet also supports assets on the Solana blockchain.

Latest Fintech News: Instacart and Chase Launch New Instacart Mastercard Credit Card Unlocking New Rewards and Unlimited Earnings from Hundreds of Retailers

[To share your insights with us, please write to sghosh@martechseries.com]

Related posts

Northern Trust Announces Alliance with BlackRock as Part of Whole Office Strategy

Fintech News Desk

Ticketing Innovator Masabi Secures Significant Strategic Growth Investment From Accel-KKR

Fintech News Desk

CAIS Partners with Buckingham Strategic Wealth to Deepen Learning and Development Opportunities for the Wealth Management Community

Fintech News Desk
1