hashport launches to power cross-network digital asset transfers
hashport, a public utility that facilitates the movement of digital assets between distributed ledger technology networks without the need for a native network token, today announced that it will launch on Nov. 9, according to a media statement. At launch, hashport will connect the Hedera public distributed ledger to the Ethereum and Polygon networks.
- hashport will leverage on the Hedera Consensus Service (HCS) and validator partners around the world to secure the network. Payment platform Worldpay from FIS, the HBAR Foundation, Ethereum scaling solution Polygon, Hong Kong-based blockchain gaming unicorn Animoca Brands, Hong Kong-based digital asset custodian Hex Trust, StableNode, LimeChain, Calaxy and BCW Group have joined hashport as members of the hashport “validator swam.”
- The validator swarm is a decentralized group of industry-leading organizations from different regions of the world powering the operations, governance and security of hashport, Hex Trust told Forkast.News.
- “Cross-chain interoperability is key to building sustainable DeFi ecosystems, unlocking new liquidity, scaling the Metaverse, and more,” said Shayne Higdon, executive director and CEO of the HBAR Foundation. “hashport will provide one of the first mechanisms in bridging the gap between DLT networks and communities, and the HBAR Foundation is committed to supporting a wide range of onramps into the Hedera ecosystem.”
See related article: DBS Bank first in Southeast Asia to join Hedera Governing Council
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