Ethena Labs and Securitize have unveiled Converge, a blockchain connecting traditional finance and DeFi. It offers institutional capabilities and new products for retail investors.
What is Converge and How Will It Work
Converge is built on the Ethereum Virtual Machine supporting both permissioned and permissionless financial applications. It serves as a bridge between traditional financial institutions and decentralized finance.
Institutional Capital and Tokenized Assets
One of Converge's main focuses is facilitating institutional-grade applications related to tokenized assets, with Securitize helping to expand the range of financial instruments in this sector.
Key Features of the Converge Blockchain
Converge offers three application tiers for different market participants: permissionless DeFi, permissioned applications, and new financial products leveraging Securitize's tokenized securities.
Converge aims to merge the benefits of traditional and decentralized financial systems, offering investors more diverse financial solutions.
