MetaTrust Labs and ChainSwap have formed a strategic partnership worth up to $1 million to improve financial privacy between the chains, the companies announced Wednesday. The partnership uses a Memorandum of Understanding (MOU) to establish a framework for collaboration.
The partnership is based on extensive preliminary audits and technical exchanges, establishing a strong foundation of trust between the two companies. The goal is to develop advanced financial privacy tools, creating a more secure and efficient chain transaction ecosystem.
“This collaboration is a crucial step in our commitment to delivering secure and seamless transactions via blockchains. Together we will take the financial privacy landscape to the next level and provide users with a secure and efficient ecosystem for cross-chain transactions,” said Fitzy, CEO of ChainSwap.
Both companies prioritize security and privacy in cross-chain transactions. MetaTrust Labs is committed to creating a secure infrastructure for Web3 development, using advanced AI technologies and community collaboration to improve the security and reliability of blockchain applications.
Sapphire
As a cross-chain asset bridge and application hub, ChainSwap aims to bridge the gap between blockchains and enable a more interoperable future by developing an innovative layer 5 security cross-chain swap protocol built on Chainlink’s Cross Chain Interoperability Protocol (CCIP) – architecture in combination with Circle’s Cross Chain Transfer Protocol (CCTP).
MetaTrust Labs will provide professional AI audit services to ensure the security and integrity of ChainSwap’s smart contract code, and provide ongoing security support and advice.
Both parties will share their resources, technology and experience and contribute to the construction of a more secure, reliable and efficient infrastructure for Web3.