“The USDE Ehena Labs and RWA platform Issuer Securitize announced the launch of the CONVERGE blockchain, designed to support and promote Defi and token assets. INTRODUKING @CONVERGEONCHAIN: The SETTLEMENT NETWORK FOR TRADATIONAL FINANCE AND DIGITAL DOLLARS, POWED BY @ETHENA_Labs and @Securitize OUR VIRTSION WHERE Tradfi Will Merge with Defi, Center on USDE […]”, – WRITE: Businessua.com.ua
The USDE Ehena Labs and Rwa platform Securitize has announced the launching of blockchain converge designed to support and promote Defi and token assets.
INTRODUKING @CONVERGEONCHAIN: The Settlement Network for Traditional Finance and Digital Dollars, Powered by @ethena_Labs and @Securitize
Our Vision is to Provide the FIRST PURPOSE BUILT SETTLEMENT LAYER WHERE Tradfi Will Merge with Defi, Centered On USDE & USDTB AND Securered by… pic.twitter.com/syxs6p9T8W
– Ethena Labs (@ethena_Labs) March 17, 2025
According to the description, the new EVM network is optimized for the proposal of Defi products, both retail and institutional players.
The network is expected to start operating in the second quarter of 2025 with a set of permitted validators, consisting of traditional financial organizations and centralized exchanges.
Ehena (ENA) governance will act as a steaking asset for Converge, playing a key role in ensuring blockchain security. USDE and USDTB steiblins will serve as gas tokens for the network.
EVM compatibility will allow the seamless launch of smart contracts, DApps and other Ethereum -based tools. In order to ensure the compliance of the Defi applications intended for institutional access, they will be checked through the White List.
Ethena plans to move an existing TVL ecosystem to the Converge of about $ 6 billion. Securitize platform, which has already released RWA for almost $ 2 billion in various networks, intends to further issue token assets in the new blockchain.
The initial partners of Converge will be Pendle, Ethereal, Morpho and Maple Finance and Aave Labs Horizon.
Castedial support will be provided by Anchorage, Copper, Fireblocks, Komainu and Zodia, Cross-Intelligence will provide Layerzero and Worms. Redstone and Pyth will act as onchin-oracles.
“Institutions are curious about the development of Defi, but the lack of normative clarity and institutional level infrastructure prevents their participation. From Converge, we solve this problem by creating a specially designed blockchain designed for a seamless joint of Tradfi with the capabilities of decentralized finances, ”said Karlos Domingo co -founder and SEO Securitize.
Last year, Ethena launched a blackrock buidl -based steiblcoin.
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