Algorand has partnered with pNetwork to launch cross-chain bridges, “enabling assets and tokens from other chains to move freely on the Algorand network”

The Algorand Foundation made the announcement here.

You can read more about pNetwork here. It's an interesting and highly useful project with approximately $66M currently locked up on its network.

FTA,

“The Algorand Foundation is excited to partner with pNetwork to bring easy cross-chain interoperability a step closer” said Sean Lee, CEO of the Algorand Foundation “Enabling assets and tokens from other chains to move freely on the Algorand network is an exciting step in facilitating a new model of finance that merges historic finance, decentralized finance and personally managed finance in our vision of a new Future of Finance – FutureFi.”

pNetwork powers the highest number of cross-chain connections in the industry, enabling assets and data to be transferred across networks. As pNetwork nodes continue to power a growing ecosystem, the project is focused on enabling meaningful connections between multiple blockchain environments. Currently pNetwork-supported cross-chain connections include Bitcoin, Ethereum, Dogecoin, Litecoin, Binance Smart Chain, Polygon, xDAI, EOS, Telos and Ravencoin.

Algorand will launch interoperability features with other blockchain environments via pNetwork – the connection between Algorand and other networks will be live Summer 2021.