Ethena, Securitize Tap Arbitrum and Celestia for Converge Blockchain, Target Q2 Mainnet Launch

Ethena, Securitize Tap Arbitrum and Celestia for Converge Blockchain, Target Q2 Mainnet Launch

The Converge chain is set to have fast blocktimes, let users pay gas fees in Ethena's tokens and support both permissionless and permissioned apps, the teams said.

Ethena Unveils ‘Converge’ to Bridge DeFi and Real-World Assets

Ethena, a leading DeFi protocol, has revealed plans to introduce a new Layer-1 blockchain named Converge, developed through collaborations with Celestia—a data availability network—and Arbitrum, a Layer-2 scaling solution. The initiative also includes a partnership with real-world asset (RWA) platform Securitize, underscoring Ethena’s ambition to create a robust link between decentralized finance and tokenized traditional finance instruments. Th…

Converge Blockchain: Powering A $7B Real-World Asset Revolution In DeFi

Key Points An Ethereum Layer 2 network has launched a new blockchain called Converge to facilitate the tokenization of real-world assets (RWAs) in decentralized finance (DeFi), targeting $7 billion in liquidity. Converge aims to bridge traditional finance and DeFi by enabling permissionless and permissioned financial products, using advanced blockchain technologies for efficiency. The initiative reflects the growing trend of integrating RWAs li…

Ethereum Layer 2 Arbitrum launches ‘converge’ blockchain to power $7B Real-World Asset push in DeFi

Ethereum Layer 2 network Arbitrum has launched a new project called Converge, a blockchain for processing tokenized real-world assets (RWAs) and on-chain finance. Created by Ethena Labs and Securitize, Converge aims to bring billions of dollars in stable assets into decentralized finance (DeFi). In tandem, Ethena Labs and Securitize are migrating more than $7 billion in assets to the Converge network. Ethena is doing $5 billion in general stable…

Ethena Labs, Securitize unveil 'Converge' network roadmap - WorldNL Magazine

Converge will allow both permissioned and permissionless projects to build on the tokenized real world asset-focused blockchain network. Ethena Labs, the developer of the USDe synthetic dollar (USDe), and financial technology company Securitize, released a preliminary roadmap for their upcoming Converge network, a high-throughput blockchain focused on real-world assets and decentralized finance (DeFi).According to the announcement, a testnet wil…

Ethereum Layer 2 Arbitrum Unveils New Chain For RWA: Details

Ethereum Layer-2 protocol Arbitrum has launched Converge, a new blockchain designed to serve as a settlement layer for tokenized real-world assets (RWAs) and on-chain finance. Created by Ethena Labs and Securitize, Converge aims to bring billions of dollars in stable assets into decentralized finance (DeFi). Arbitrum Converge: Key Details to Note The Ethereum layer-two (L2) scaling solution revealed that Converge was specifically developed to su…