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

user avatar

by Giorgi Kostiuk

2 years 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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

JPMorgan Expands JPM Coin to Public Ethereum for Institutional Users

JPMorgan is launching its bank-issued deposit token, JPM Coin, on the Ethereum blockchain for institutional users.

user avatarNguyen Van Long

Trump Shifts Investment from Micron to Meta Amid AI Growth

Former President Donald Trump sold a significant portion of his Micron shares and invested heavily in Meta stock amid AI growth.

user avatarSatoshi Nakamura

Missouri Faces Federal Court Challenges Over Sports Prediction Contracts

Missouri is facing federal court challenges over its crackdown on sports prediction contracts, with lawsuits filed by companies linked to Cryptocom and Novig arguing for federal oversight instead of state classification as unlicensed gambling.

user avatarJesper Sørensen

Elon Musk Proposes Public Shares Plan Amid AI Discussions

Elon Musk proposed giving shares from Anthropic's Public Benefit Fund directly to the public to support nonprofits and address AI's impact on workers.

user avatarLucas Weissmann

SpaceX Falcon 9 Launch Scheduled for October 19

SpaceX is preparing for a Falcon 9 rocket launch from Cape Canaveral on October 19, 2026, at 6:30 AM ET, which may create a jellyfish effect. Weather conditions currently pose a threat with only a 55% chance of favorable conditions.

user avatarRajesh Kumar

Cardano's Stablecoin Market Surpasses 702 Million

As of October 18, Cardano's stablecoin market has reached a notable milestone, with the total supply of dollar-pegged tokens hitting approximately 702 million.

user avatarFilippo Romano

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.