Securitize and Ethena Labs have announced Converge, a blockchain compatible with Ethereum (EVM) designed to integrate traditional finance (TradFi) with decentralized finance (DeFi).
The project is supported by partners such as Avara (Aave Labs), Pendle, Morpho, and Maple Finance, aiming to host tokenized assets and new regulated financial products.
Converge will use Ethena’s ENA token as a stakeable asset to ensure network security, validated by financial institutions and centralized exchanges. It will be interoperable with multiple blockchains thanks to the support of LayerZero, Wormhole, and RedStone.
