MetaTrust Labs and ChainSwap have formed a strategic partnership valued at up to $1 million to enhance cross-chain financial privacy, the companies announced on Wednesday. The partnership uses a memorandum of understanding (MOU) to establish a framework for collaboration.

The partnership is built on extensive prior audits and technical exchanges, establishing a strong foundation of trust between the two firms. Its goal is to develop cutting-edge financial privacy tools, creating a safer and more efficient cross-chain transaction ecosystem.

“This collaboration is a crucial step in our commitment to delivering secure and seamless transactions across blockchains. Together, we will elevate the financial privacy landscape, offering users a safe and efficient cross-chain transaction ecosystem,” said Fitzy, CEO of ChainSwap.

Both companies prioritize security and privacy in cross-chain transactions. MetaTrust Labs is dedicated to creating a secure infrastructure for Web3 development, leveraging advanced AI technologies and community collaboration to enhance the security and reliability of blockchain applications.

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As a cross-chain asset bridge and application hub, ChainSwap aims to bridge the gap between blockchains and empower a more interoperable future by pioneering an innovative layer 5 security cross-chain swap protocol built on Chainlink’s Cross Chain Interoperability Protocol (CCIP) architecture combined 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, offering continuous security support and consultation.

Both parties will share their resources, technology, and experience, contributing to the construction of a more secure, trustworthy, and efficient infrastructure for Web3.