Ethena Labs and Securitize are set to launch the Converge blockchain, merging traditional finance with decentralized finance, in 2025.
$8 Billion Migration Initiative
Ethena Labs and Securitize spearhead the Converge blockchain project aimed at integrating traditional and decentralized finance. The blockchain will facilitate safe institutional access to DeFi. Ethena Labs will focus on migrating its $6 billion DeFi operations, while Securitize extends its $2 billion tokenized asset issuance via Converge.
Expert Perspectives on Converge
No previous blockchain initiatives have directly targeted merging institutional-grade DeFi with tokenized assets, as Converge sets to achieve. Carlos Domingo noted the significance of Converge for institutional adoption.
Technological Achievements and Development
Experts, including Stani Kulechov from Aave, view Converge as a step towards bridging financial systems. GitHub activity indicates technological advancements, suggesting prospects for successful Converge blockchain implementation.
Converge aims to be the main settlement layer for institutional DeFi and tokenized assets, bridging the gap between traditional finance and DeFi.
