The Converge project, jointly promoted by Ethena Labs and Securitize, a token-based product on an EVM chain, recently released its Roadmap, aiming to become the infrastructure for on-chain finance, driving the integration of billions of dollars in institutional capital with decentralized finance (DeFi), and achieving large-scale on-chain tokenization of real-world assets (RWA).
(Ethena and Securitize Launch Converge: An EVM Chain Built for Institutional-Grade Tokenized Assets)
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By utilizing Arbitrum's expansion technology and Celestia's data availability layer, the goal is to maintain low-cost transactions (less than 1 cent) even during network congestion or transmission of resource-intensive transactions, providing highly attractive economic conditions for developers and users.
Simplifying Cross-Chain Asset Operations, Low Threshold Attracting Institutions
In terms of simplifying user experience, Converge supports a coexisting environment for RWA and DeFi applications, enabling one-click import of on-chain and off-chain assets:
Through interoperability protocols like LayerZero or Wormhole, and collaboration with custodians such as Copper and Fireblocks, we support cross-chain assets from networks like Ethereum or Solana, lowering the entry barrier for users and funds.
Multi-Language Development Support, Open Developer Ecosystem
Converge will also integrate the Arbitrum Stylus upgrade and EtherealDex application-specific chain, supporting smart contract writing in Solidity, Rust, C, and C++, allowing developers to build tailor-made financial applications:
This not only expands the boundaries of DeFi applications and reduces computational costs but will also attract more development resources to the ecosystem.
Validator Network (CVN): A Protective Layer Tailored for Institutional Investors
Converge's CVN mechanism is dedicated to providing robust security and compliance guarantees:
ENA Staking Mechanism: Providing security protection through sENA without issuing new tokens.
Institutional-Grade Compliance Framework: Supporting real asset verification and compliance processes, adapting to large-scale asset management needs.
Flexible Permission Control: Adopting a permissionless mainnet mode, offering more granular permission management for specific applications.
Partner Support: Connecting Traditional and Decentralized Worlds
Converge also brings together the strengths of top DeFi protocols and traditional finance:
Arbitrum: Providing underlying performance and expansion technology.
Celestia: Serving as a data availability layer, reducing costs and improving efficiency.
Conduit: G2 sequencer support, enabling high-speed block generation.
LayerZero, Wormhole, Copper, Fireblocks: Achieving cross-chain interoperability and asset custody.
From Chain to Reality: Converge Accelerating Deep Integration of DeFi and RWA
By supporting RWA tokens like BlackRock's BUIDL, Converge becomes an ideal entry point for institutional investors. Its native stablecoins USDe and USDtb not only enhance liquidity but also mitigate market volatility risks:
Converge's high-performance architecture, low-cost environment, and developer-friendly policies aim to collectively build a scalable, stable, and attractive on-chain financial infrastructure.
Testnet Launching Soon, Fully Opening a New Era of On-Chain Finance
The official team finally revealed that Converge will launch its testnet in the coming weeks, allowing developers and users to experience its features and architecture in advance. After mainnet launch, more collaboration details and application plans will be announced.
Ethena Labs and Securitize are committed to making Converge one of the world's largest financial application blockchains, driving large-scale institutional fund entry and achieving true integration of blockchain and traditional finance.
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