Ethena Labs, Securitize launch blockchain for DeFi and tokenized assets

Converge is an EVM blockchain designed for retail and institutional adoption of real-world assets and DeFi products.

Stablecoin developer Ethena Labs and real-world asset (RWA) tokenization company Securitize are launching a new blockchain for retail and institutional investors seeking access to the DeFi and tokenization economies. 

According to a March 17 announcement, the forthcoming Converge blockchain is an Ethereum Virtual Machine that will provide retail investors with access to “standard DeFi applications.” It will also specialize in institutional-grade offerings that will help bridge traditional finance with DeFi opportunities. 

The Converge blockchain is announced at the Tokenize NYC conference on March 17. Source: Cointelegraph

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