The world of decentralized finance (DeFi) is rapidly evolving, bringing innovation and challenging traditional financial systems. The recent partnership between Ethena and Securitize in Institutional DeFi aims to revolutionize the field through their move to the Converge blockchain.
Benefits of Converge for DeFi
Converge is not just a blockchain, but a network specifically built to integrate DeFi and TradFi. With EVM compatibility, it facilitates the transfer of dApps and smart contracts from Ethereum. Converge ensures regulatory compliance by integrating KYC measures and is supported by prominent DeFi protocols like Pendle and Avara.
Ethena's Ecosystem Migration
Ethena is migrating its $6 billion ecosystem to Converge, introducing well-known stablecoins USDe and USDtb. This brings immediate liquidity and utility to Converge, paving the way for innovative DeFi solutions.
Securitize and Real Asset Tokenization
Securitize plays a key role in the Converge ecosystem by providing tokenized real-world assets such as Apollo's credit fund. Tokenization expands access to traditional markets and offers new opportunities for institutional investors within the DeFi framework.
The partnership between Ethena and Securitize on the Converge platform marks a major step in the development of Institutional DeFi, helping to unite DeFi and TradFi in a single ecosystem.
