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Ethena and Securitize to Launch Converge for DeFi Innovation

  • 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.

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