Ethena Labs and Securitize launched Converge blockchain

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Ethena Labs and Securitize launched Converge blockchain

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Ethena Labs and Securitize have launched Converge, an Ethereum-compatible blockchain featuring native KYC and custody solutions.

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9:00am, Monday, March 17, 2025

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Converge, expected to launch in the second quarter, is an Ethereum-compatible blockchain featuring native KYC and custody solutions

Ethena Labs, the tokenization firm behind the synthetic dollar USDe and USDtb stablecoin backed by BlackRock’s BUIDL fund, plans to move its $6 billion DeFi ecosystem to Converge, a new Ethereum-compatible blockchain it built in partnership with Securitize

Securitize and Ethena Labs, two firms working closely with BlackRock’s money market token BUIDL, have created an Ethereum-compatible blockchain called Converge, designed to house tokenized assets and provide institutional investors with the innovation of decentralized finance (DeFi)

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Ethena Foundation

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Week 12 of 2025

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Crypto news