Ethena Labs and Securitize are launching Converge, a blockchain designed to enhance decentralized finance (DeFi) and tokenized assets.
Retail users accessing Converge will gain entry to standard DeFi applications, while institutional investors will benefit from authorized access to DeFi solutions and improved capital utilization.
Ethena Labs plans to migrate $6 billion worth of assets from its current DeFi ecosystem to Converge for increased service efficiency and safety measures.
Converge integrates with various organizations and platforms to achieve interoperability and easy asset movement between blockchain networks.