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Cross-chain Tokens Management

Msgport's cross-chain functionality opens up a multitude of token management possibilities for applications. It allows issuers on either the source or target chains to set up and establish cross-chain bridge mappings for their tokens. Moreover, it acts as a utility for custodian issuers to launch Custodian DApps, which permit users to transfer the supported mapped tokens across different chains.

For example, the XToken leverages Msgport to streamline the process of issuing tokens on a target chain subsequent to securing the original token on the source chain, and also manages the unlocking process on the target chain following the burning of the xToken.