• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Athena Labs and Securitize Unveil Converge Blockchain to Bridge Traditional and Decentralized Finance

user avatar

by Giorgi Kostiuk

10 hours ago


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.

0

Share

Other news

Bybit Hack: Expert Concerned over Crypto Platforms Ignoring North Korean Transactions

An expert has voiced alarm over weak crypto industry responses to the $1.4 billion Bybit hack and North Korean transactions.

user avatarGiorgi Kostiuk

2 minutes ago

Ethereum Approaches Turning Point: Retesting the 5-Year Trendline

Ethereum on the brink of change, retesting the 5-year trendline at $1,911, potentially indicating significant price shifts.

user avatarGiorgi Kostiuk

19 minutes ago

Google Unveils TxGemma: Open AI Models for Biopharma Research

Google launches TxGemma, open AI models to accelerate drug discovery, highlighting the intersection of technology and biopharma.

user avatarGiorgi Kostiuk

20 minutes ago

Crossmint Secures $23.6M Investment to Bolster Blockchain Platform

Crossmint receives $23.6M funding led by Ribbit Capital to enhance blockchain infrastructure.

user avatarGiorgi Kostiuk

20 minutes ago

Current Meme Coins: Which Tokens are Leading the Market?

Exploring new meme coins and their impact on the crypto market in 2023.

user avatarGiorgi Kostiuk

21 minutes ago

Critical Point for Cardano: What's Next for ADA?

Cardano faces key resistance and support levels. Learn how this influences ADA's next move.

user avatarGiorgi Kostiuk

27 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.