Abstract: An emulator system and a method for emulating functionalities of an integrated circuit design are disclosed. In one aspect, the system includes a plurality of verification components each comprising circuitry configured to perform transactions with at least another verification component. The system can include a plurality of proxies, each executing on a processor and corresponding to a respective one of the verification components. The system can include a switch that is communicatively coupled with the proxies, the switch dynamically configurable to, in a first time duration, operate with a first subset of the proxies to enable a first transaction between a functional module of the design and a first verification component. The switch can be dynamically configurable to, in a second time duration, operate with a second subset of the proxies to enable a second transaction between the functional module and a second verification component.