Forget the old DeFi vs TradFi debate.Securitize and Ethena just dropped a nuclear bomb on that narrative.
Their new blockchain, Converge, isn’t another Ethereum clone or a sidechain hustle. It’s a purpose-built, EVM-compatible battleground designed for one thing:
Bringing real-world assets into DeFi with institutional-grade firepower.
Think $6B in DeFi liquidity.Think tokenized Apollo credit funds.Think BlackRock-backed money markets on-chain.This isn't speculation. It's execution.
What’s the Play?
Converge merges two worlds that, until now, mostly circled each other:
Securitize: The transfer agent behind BlackRock’s BUIDL token and the Apollo credit fund tokenization.
Ethena: The firm powering USDe (yield-bearing) and USDtb (backed by BUIDL) — and now migrating its $6B DeFi ecosystem to Converge.
Their shared thesis?Tokenization alone isn't enough.
"Just putting securities on a new ledger doesn't unlock anything game-changing." – Carlos Domingo, CEO, Securitize
The breakthrough happens when you inject DeFi's composability, speed, and programmability into real-world assets.
Here’s Why It Matters
For years, TradFi has wanted in on DeFi’s mechanics:
Programmatic lending
Real-time settlement
Transparent collateralization
But DeFi lacked institutional trust.And tokenization lacked innovation.Converge is the convergence.
Key Features:
EVM Compatibility – Runs Ethereum contracts seamlessly
Permissioned Validators – CEXs and TradFi firms keep it compliant
ENA Staking (via sENA) – Governs and secures the chain
Dual Gas Tokens – USDe and USDtb fuel the network
Partners – Pendle, Aave (via Avara), Morpho, Maple, Ethereal
Oracles + Interop – LayerZero, Wormhole, RedStone
This isn't a sandbox — it's a ready-to-scale ecosystem that can house tokenized equities, tailor-made money markets, and new financial primitives.
🔮 Big Picture: The Institutional DeFi Era Begins
Let’s be clear: this is a major strategic move.
In one chain, Converge creates the conditions for:
Real-world funds as DeFi collateral
On-chain trading of regulated assets
Institutional-grade KYC and compliance
Massive capital efficiency without sacrificing controls
“We think something that’s purpose-built for this intersection of TradFi and DeFi is going to be one of the largest opportunities over the next few years.” – Guy Young, Ethena Labs
The next wave of DeFi won’t look like the last. It’ll be permissioned. It’ll be regulated.And it’ll be very, very real.
🔗 TL;DR
Converge is not just another blockchain. It’s a launchpad for the institutional DeFi era — where $trillions in assets meet DeFi innovation under compliant infrastructure.
It’s no longer “TradFi vs DeFi.”It’s “TradFi + DeFi = Scale.”
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