Converge Blockchain Launch: Is the Future of Institutional-Grade DeFi Here?

Institutional DeFi Just Got Real: Converge Blockchain Launch Incoming

Retail and institutional investors looking to access the DeFi and tokenization economies, stablecoin developer Ethena Labs, and real-world asset (RWA) tokenization firm Securitize are introducing a new blockchain. The upcoming Converge blockchain is an Ethereum virtual machine that will provide retail investors access to standard DeFi applications, according to a March 17 statement. Additionally, it will focus on institutional-grade products that will help connect DeFi’s potential with traditional finance.

Converge Blockchain Debuts with DeFi Giants: Aave, Morpho, Maple & More!

Among the products Converge will provide at launch are Ethereal, Morpho, Maple Labs, Pendle, and Horizon from Aave Labs. With almost $2 billion made on many blockchains, Securitize’s increasing market share in the tokenization space will help Converge’s RWA infrastructure.

Anchorage, Copper, and RedStone, Securitize’s newest partner, will all provide custodian assistance for the Converge blockchain. Converge will enable users to stake ENA, Ethena’s native governance token, on the DeFi side. The USDe and USDtb stablecoins from Ethena will function as the network’s gas tokens.

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