Due to the incompatibility of various formats, blockchains create separate islands with their own users, dApps, and assets, resulting in a challenging process to transfer assets or data between chains. Knit Finance is a distinctive decentralized protocol that enables the creation of cross-chain wrappers for assets. Through Knit Finance, users can deposit assets into insured custody and mint equivalent k assets that are available on multiple chains for trading, staking for yield, lending, and margin trading. The assets deposited in KNIT are securely held with insured custody.