Name
Ethena and Securitize launch Converge, a new institutional-grade EVM chain for tokenized assets
Description
Ethena Labs and Securitize have launched Converge, an Ethereum-compatible blockchain with built-in KYC and custody solutions for tokenized assets. Expected in Q2 2025, it will serve as a settlement and issuance layer for Ethena’s $6 billion DeFi ecosystem and Securitize’s tokenized securities.
Publish date
12:09pm, Monday, March 17, 2025
Referenced by
Securitize and Ethena launch Converge blockchain
Crypto news
News story
Converge, expected to launch in the second quarter, is an Ethereum-compatible blockchain featuring native KYC and custody solutions
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Our vision is to provide the first purpose built settlement layer where TradFi will merge with DeFi, centered on USDe & USDtb and secured by ENA," Ethena said
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