Ethena Labs and Securitize have announced the launch of Converge, a blockchain designed to support decentralized finances and tokenized assets.
The network will take care of For both retail and institutional investors, offering standard Defi applications in addition to financial products that meet institutional requirements.
Converge is built on the virtual machine from Ethereum, so that existing Ethereum (ETH) -based applications and smart contracts can function without changes. Ethena (ENA) plans to move his Defi -Ecosystem, which has almost $ 6 billion in assets, converge.
Securitize, which specializes in toothing real-world assets, will use the blockchain to issue and manage digital effects.
Tokenized assets are digital representations of financial instruments such as shares, bonds and real estate.
Converge enables institutions to communicate with these assets in chain while maintaining compliance with the regulations. Custodians of institutional quality, including anchorage, copper and fire blocks, will offer this assets safety.
Defi applications
The network will integrate Defi applications of partners such as Pendle, Aave Labs and Maple Finance. It also supports interoperability through Layerzero and Wormhole, which causes seamless activation transfers about block chains. Oracle providers such as Redstone and Pyth provide real -time price data.
Ethena’s Ena -Token will play a role in securing the network, and the Stablecoins Usde (Usde) and USDTB will be used for transaction costs. The blockchain includes both permissionless Defi applications and allowed offers for institutional users.
Ethena and Securitize See Converge as a solution for legal barriers that have settings prevent settings from dealing fully with Defi. By combining Defi’s efficiency with compliance-oriented infrastructure, the network wants to offer a bridge between traditional finances and blockchain-based markets.
