What is Crosschain Bridge?
Crosschain Bridge A protocol enabling the transfer of digital assets or data across separate blockchain networks, allowing portfolio managers to move tokens between chains and access cross-chain DeFi strategies, while exposing portfolios to new interoperability and security risks.
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “Crosschain Bridge” Used in Practice?
Crypto portfolio managers leverage crosschain bridges to transfer assets between Ethereum and other networks, unlocking DeFi opportunities but also facing new smart contract risks.
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Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
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What is Crosschain Bridge?
A protocol enabling the transfer of digital assets or data across separate blockchain networks, allowing portfolio managers to move tokens between chains and access cross-chain DeFi strategies, while exposing portfolios to new interoperability and security risks.
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