Breaking News: Converge Blockchain - The New Infrastructure for DeFi!
Ethena and Securitize to Introduce Converge Blockchain in the Year 2025: Collaborative Effort to Transform Industries Through Advanced Blockchain Technology
Get ready for a blockbuster reveal! Ethena Labs and Securitize are gearing up to launch Converge, a game-changing EVM blockchain, set to blend traditional finance with the best of Decentralized Finance (DeFi) in 2025.
Converge is all about making DeFi more accessible and adaptable for institutions. Think of it as a brand-new settlement layer for digital assets, revolutionizing institutional finance's approach to DeFi.
The $8 Billion Migration Revolution
Ethena Labs and Securitize are at the helm of this exciting project, with Ethena focusing on migrating its impressive $6 billion DeFi portfolio, and Securitize planning to extend its $2 billion tokenized asset issuance via multiple blockchains to Converge.
Leaders Guy Young and Carlos Domingo emphasize that Converge is all about bridging the divide between the financial sectors, with USDe and USDtb at its core, secured by ENA.
"We're building Converge to become the go-to settlement layer for institutional-grade DeFi and tokenized assets. Our vision is to provide the first purpose-built settlement layer where TradFi will merge with DeFi, centered on USDe & USDtb and secured by ENA." - Guy Young, Founder, Ethena Labs
The Experts Weigh In
This is uncharted territory, as no previous blockchain initiatives have directly targeted merging institutional-grade DeFi with tokenized assets, as Converge sets to achieve.
Carlos Domingo stated the significance of Converge for institutional adoption, highlighting the need for a purpose-built blockchain. Experts, like Stani Kulechov from Aave, view Converge as a crucial step towards bridging financial systems, with technological advancements progressing for the successful implementation of the Converge blockchain.
Let's watch this space and get ready for the future of finance!
- Securitize, working alongside Ethena Labs, plans to adapt their $2 billion tokenized asset issuance to the Converge blockchain, set to launch in 2025 as a game-changer in the DeFi sector.
- Converge, the new EVM blockchain from Ethena Labs and Securitize, aims to securitize DeFi and institutional finance in 2026, with USDe and USDtb at its core, secured by ENA.
- Guy Young, Founder of Ethena Labs, explains that Converge will be the first purpose-built settlement layer for institutional-grade DeFi and tokenized assets, merging TradFi with DeFi.
- Stani Kulechov from Aave views Converge as a significant step towards bridging financial systems, showing the potential of Converge's technology for successful DeFi adaptation in the future.
