Ethena Labs and Securitize have launched Converge, a blockchain aimed at integrating traditional finance with DeFi, offering institutional-grade solutions and applications for retail investors.
What is Converge and How Will It Work?
Converge is built on Ethereum Virtual Machine, supporting both permissioned and permissionless financial applications. Its mainnet launch is slated for Q2, alongside technical documentation and a developer testnet.
Institutional Capital and Tokenized Assets
The platform focuses on institutional applications and asset tokenization, helping major players like BlackRock, Apollo, and KKR issue over $2 billion in digital assets.
Key Features of the Converge Blockchain
Converge offers three application tiers: a permissionless DeFi ecosystem, permissioned applications for traditional financial institutions, and new financial products such as credit swaps and equity trading.
Converge aims to bridge traditional finance with blockchain products, offering modular solutions for both institutional and retail investors.
