Ethena Labs and Securitize introduce Converge—a blockchain linking traditional finance with DeFi.
What is Converge and How Does It Work?
Converge is a blockchain based on the Ethereum Virtual Machine (EVM), providing an environment for both permissioned and open financial applications. It aims to merge the world of traditional finance and decentralized technologies. The mainnet launch is scheduled for the second quarter, offering unique opportunities for a variety of financial products.
Institutional Capital and Tokenized Assets
Converge focuses on institutional applications, especially those related to asset tokenization. This process is gaining popularity, with Securitize having already issued over $2 billion of assets on-chain. Converge will be the primary issuance platform for Securitize's tokenized assets, providing access to a wide range of financial instruments.
Key Features of the Converge Blockchain
Converge features three application tiers: a permissionless DeFi ecosystem, permissioned applications for interacting with traditional finance institutions, and innovative financial products. These tiers cater to both retail and institutional investors, offering diverse possibilities for engaging with financial products.
Converge combines the best aspects of traditional and decentralized finance, opening new opportunities for investors.
