Summary
- Securitize and Ethena Labs have launched Ethereum-compatible blockchain Converge for institutional investors.
- Converge provides an environment for safely and efficiently handling tokenized real-world assets, as announced.
- Key partners including Pendle, Avara of Lens Protocol, and Ethereal are collaborating on the project, as reported.
According to cryptocurrency media Coindesk on the 17th (local time), Securitize, a platform for real asset tokenization and security tokens, has launched Converge, an Ethereum (ETH) compatible blockchain, with Ethena Labs, the developer of the USDe stablecoin issuance protocol Ethena (ENA).
Converge is designed to allow institutional investors to safely and efficiently utilize tokenized real-world assets (RWA) and can run Ethereum-based smart contracts, dApps, and tools without modification.
Furthermore, sENA, the staking version of ENA, is used for network security and validation node operations.
Meanwhile, Pendle (PENDLE), Avara, the parent company of the SocialFi project Lens Protocol, and Ethereal, a USDe-based spot and perpetual futures decentralized exchange (DEX), are collaborating as key partners.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
