Ethena and Securitize launch Converge, a blockchain for tokenized assets

Ethena Labs and Securitize announced the launch of Converge, a blockchain designed to support decentralized finances and token workers.

The network will treat To retail and institutional investors, offering standard DEFI applications alongside financial products in accordance with institutional requirements.

Converge is built on the Ethereum virtual machine, allowing Existent Ethereum (Ethn) – Applications based on and intelligent contracts to operate without modification. Ethena (This one) plans to move its DEFI ecosystem, which contains nearly $ 6 billion in assets, on Converge.

Securitize, which specializes in tokenization Real world assets will use the blockchain to emit and manage digital titles.

Tokenized assets are digital representations of financial instruments such as stocks, bonds and real estate.

Converge will allow institutions to interact with these chain assets while maintaining regulatory compliance. The guards of institutional quality, including Anchorage, Copper and Fireblocks, ensure the safety of these assets.

DEFI Applications

The network will integrate Challenge Applications of partners such as Pendle, Aave Labs and Maple Finance. It will also support interoperability via the layerzero and the worm hole, guaranteeing transparent active transfers through the blockchains. Oracle suppliers like Redstone and Pyth will provide real -time price data.

Ethena’s ENA token will play a role in securing the network and the USDE stable (TO USE) and USDTB will be used for transaction costs. The blockchain will include both the DEFI applications without authorization and the authorized offers for institutional users.

Ethena and secure see converges as a solution to regulatory obstacles that prevented institutions from fully engaging with DEFI. By combining the effectiveness of DEFI with the infrastructure focused on compliance, the network aims to provide a bridge between traditional finances and blockchain -based markets.