Etena Labs and Securice to start Converge, a new blockchain for Defi,
Etena Labs and Securice to start Converge, a new blockchain for Defi,
- Etena Labs and Securitice contribute to strength to start converge, a new blockchain for decentralized financing and tokenized assets.
- converge will be virtual machine-compatible Ethereum and serve both in retail and for institutional defi.
- The ENA Prize rose by 5% and after the announcement, the owners changed over 0.38 USD
The Etena Labs and Securitize are made up of a company in which the Crypto projects Converge will unveiled, a new blockchain that was built for tokenized assets and decentralized funds.
announced On March 17, Converge will be a tailor-made, Ethereum-compatible blockchain. The developers introduce themselves to a platform that meets both everyday investors and on deeply in the areas of institutional actors.
According to a blog post in which the new blockchain is presented, the expected start date Q2 2025.
ethena, securitize expenses convergent
According to Etena Labs, Converge is a blockchain platform that is supposed to bridge the gap between traditional finances and defi.
With the technology behind the EVM-compatible chain, users can use user-friendly decentralized applications for retail investors. Converge will also offer a number of top tools that are aimed at institutional investors.
Both Ethena Labs and securitized plans to use the new blockchain to advance the ecosystem of defi and asset toking. In this case, the partnership will lead to Ethena brought together its burgeoning defi.
Security will also revise its traction in the actual tokenization room of the real asset (RWA). With almost 2 billion US dollars, Securitice underlines as one of the best platforms that work for the growth of tokenized assets.
The unveiling of Converge will bring an EVM compatible settlement layer that drives the new introduction to stable coins and tokenized assets.
"We are developing converged to close a clear gap in the market as a resolution layer for defi and tokenized assets for institutional quality," said Guy Young, founder of Ethena Labs, in an explanation.
According to Young, "Stable and settlement of stablecoins and tokenized assets" will be a massive chance in the coming years.
Stablecoins, blockchains and exchange are a "holy trinity of crypto protocols" by the founder of Ethena Labs posted on x.
More comments came from Carlos Domingo, the co -founder and CEO von Securitize. He noticed:
"By combining ethenas innovation in Defi with the leadership of securitize when token the real assets, Converge determines a new standard for how institutions can confidently contact Onkain financial markets."
Converge's initial starting partner
The two companies will try to promote convergence through important cooperation in the industry. Help the cause, the first starting partner, including Pendle, Aave Labs (via the Horizon project), Morpho, Ethhereal and Maple Finance.
The RWA traction of Converge is benefited from anchorage, copper, Fireblocks and Zodia, among other things, from anchorage, copper, fireblocks and zodia.
The key is also the interoperability partner layerzero and wormhole. In the meantime, Converge Oracle uses support from Pyth Network and Redstone.
In addition, Converge will use the native governance -token Ena from Ethena to integrate and security. The latter uses a legitimate validator rate. The Usde and USTB stable coins will operate network transactions as gas tokens.
In the news, the ENA token jumped by more than 5%to act over 0.38 USD.
Source: Coinlist.me