Ethena Labs and Securitize launched Converge blockchain

Description

Ethena Labs and Securitize have launched Converge, an Ethereum-compatible blockchain featuring native KYC and custody solutions.

Event date

Mar 17, 2025 - 9:00am

Quotes that support claims

Converge, expected to launch in the second quarter, is an Ethereum-compatible blockchain featuring native KYC and custody solutions

Ethena Labs, the tokenization firm behind the synthetic dollar USDe and USDtb stablecoin backed by BlackRock’s BUIDL fund, plans to move its $6 billion DeFi ecosystem to Converge, a new Ethereum-compatible blockchain it built in partnership with Securitize

Securitize and Ethena Labs, two firms working closely with BlackRock’s money market token BUIDL, have created an Ethereum-compatible blockchain called Converge, designed to house tokenized assets and provide institutional investors with the innovation of decentralized finance (DeFi)

Related projects

Ethena Foundation

Tags

Week 12 of 2025