Ethena Labs and Securitize have announced the launch of Converge, an EVM blockchain tailored for retail and institutional investors. It aims to provide access to standard DeFi applications and is designed to bridge traditional finance with innovative DeFi opportunities.

The Converge blockchain will initially offer products from prominent players like Ethereal and Aave Labs. It has already seen nearly $2 billion in minted assets through Securitize, indicating a robust tokenization market support.

Users will be able to stake Ethena’s governance token, ENA, while utilizing USDe and USDtb as gas tokens. The support from custodians like Anchorage and Copper enhances its operational framework.