Securitize and Ethena Are Building a TradFi-friendly L1 Blockchain
Name
Securitize and Ethena Are Building a TradFi-friendly L1 Blockchain
Description
Ethena Labs and Securitize have announced Converge, an Ethereum-compatible Layer 1 blockchain designed to merge TradFi with DeFi by facilitating tokenized real-world assets (RWAs) and institutional DeFi integration.
Publish date
9:00am, Monday, March 17, 2025
Referenced by
Securitize and Ethena launch Converge blockchain
Crypto news
News story
We're taking assets from an open-source permissionless ecosystem, and putting them on a new L1 "with a permissioned validator set composed of traditional finance entities and centralized exchanges"
Crypto news
Quote
Converge is Ethereum-compatible, supporting smart contracts, dApps, and tools without modification
Crypto news
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