Ethena Labs and Securitize Launch Converge Blockchain
- Converge blockchain aims to integrate traditional finance (TradFi) with decentralized finance (DeFi).
- Mainnet launch is expected in Q2 2025, enhancing institutional access.
- The blockchain will be EVM-compatible for smart contract deployment and cross-chain liquidity.
- Securitize will use Converge for issuing new real-world asset (RWA) products.
- Five protocols, including Horizon and Pendle, have pledged support for Converge.
The Converge blockchain, developed by Ethena Labs and Securitize, is set to launch its mainnet in Q2 2025. It aims to merge TradFi and DeFi with EVM compatibility, enabling smart contract deployment and cross-chain liquidity.
Source (2.6)https://hodl.press/ethena-labs-and-securitize-launch-converge-blockchain/?rand=24434
