Athena Labs and Securitize have introduced Converge, a new blockchain promising to unite traditional and decentralized finance systems.
What is Converge and How Will It Work?
Converge is built on the Ethereum Virtual Machine (EVM), facilitating both permissioned and permissionless financial applications. It serves as a bridge between traditional financial institutions and the evolving world of decentralized finance, with a mainnet launch scheduled for the second quarter.
Institutional Capital and Tokenized Assets
Converge will act as the primary issuance layer for Securitize's tokenized assets, opening doors to a wider range of financial instruments. The integration with Ethena's stablecoins aims to create innovative financial products, reinforcing options for institutional investors in the DeFi space.
Key Features of the Converge Blockchain
Converge offers three main application tiers: permissionless DeFi ecosystem, compliant applications for traditional financial institutions, and innovative new financial products. Major DeFi protocols and infrastructure providers will ensure institutional users have the necessary tools.
Athena Labs and Securitize have designed Converge to merge the best elements of traditional and decentralized economies, offering new opportunities for a diverse range of investors.
