Ethena Labs and Securitize to Launch Converge Blockchain for DeFi
- Ethena Labs and Securitize are launching Converge, a blockchain for DeFi and tokenized assets.
- The blockchain is set to launch in the second quarter of 2025.
- Ethena will transfer its $6 billion DeFi offerings to Converge.
- Securitize plans to issue its tokenized assets on the new blockchain.
- Converge will be compatible with the Ethereum Virtual Machine, enabling DApps and smart contracts without modifications.
- Projects supporting Converge include Horizon by Aave, Ethereal, MorphoLabs, Pendle, and Maple Finance.
Converge aims to serve as a settlement layer for institutional-grade DeFi applications. Ethena Labs will migrate $6 billion in DeFi offerings to this blockchain, which supports Ethereum-based DApps and smart contracts. The launch is anticipated in Q2 2025.
Source (2.6)https://coingape.com/ethena-labs-and-securitize-team-up-to-launch-new-converge-blockchain/?rand=24432
