Leading market players such as BlackRock are increasingly interested in cryptocurrencies, reflected in the development of new projects like Converge.
What is Converge?
Ethena Labs and Securitize have announced the launch of the new network Converge, designed for both individual and institutional DeFi solutions. By integrating with Ethereum, Converge maintains a connection with the network that has become a hub for Real World Assets (RWA).
The Rise of ENA Coin
Following the announcement, the price of ENA Coin increased by 5%. Establishing a legal framework for cryptocurrencies in the U.S. and resolving regulatory issues create strong long-term growth prospects.
Statements from Project Founders
Guy Young, the founder of Ethena, stated: “We are developing Converge to fill a clear gap in the market for institutional-grade DeFi and tokenized assets.” Carlos Domingo, co-founder and CEO of Securitize, mentioned that Converge addresses the lack of regulatory clarity and infrastructure issues.
The creation of Converge opens up new opportunities for integrating DeFi into traditional financial systems, which could have a significant impact on the industry in the future.
