Converge: A Project for Institutional Tokenized Assets Launched by Ethena Labs and Securitize
Converge, a project on the EVM chain based on tokenized products co-launched by Ethena Labs and Securitize, recently released its Roadmap. The goal is to become the infrastructure for on-chain finance, facilitating the integration of billions of dollars of institutional capital with decentralized finance (DeFi), and achieving large-scale on-chainization of real-world assets (RWA).
Three Core Principles Reveal the Design Blueprint of Converge
The official announcement from Converge indicates that its technical architecture is built upon three core principles:
Industry-Leading High-Performance EVM
The initial block time of the Converge network is only 100 milliseconds, with plans to further compress it to 50 milliseconds by the fourth quarter of this year. The initial throughput reaches 100 Mgas/s, aiming for a performance leap to Gigagas/s within the next year.
User Experience Design Optimization
Converge supports USDe and USDtb as native gas tokens, simplifying the transaction process and lowering the entry threshold. By introducing account abstraction technologies such as ERC-7702, it enhances user convenience in transaction authorization and gas management.
CVN Institutional-Level Security Defense
The new Converge Validator Network (CVN) adopts the ENA staking mechanism (sENA), providing security and compliance assurances without the need to introduce new tokens, while maintaining decentralization, specifically designed to handle institutional funds and RWA.
How Does Converge Move Towards a Fast, Secure, and Open Future?
In the second quarter of 2025, the mainnet will go live, minimizing transaction costs. In terms of network performance, Converge plans to launch its mainnet in the second quarter of this year and aims to increase performance tenfold within the year through mini-block streaming, threading, and node optimization:
By utilizing Arbitrum’s scalability technology and Celestia’s data availability layer, it aims to maintain low-cost transactions (below 1 cent) even during network congestion or when processing resource-intensive transactions, providing highly attractive economic conditions for developers and users.
Simplifying Cross-Chain Asset Operations, Lowering Barriers to Attract Institutions
In simplifying user experience, Converge supports a coexistence environment for RWA and DeFi applications, enabling one-click import of on-chain and off-chain assets:
Through partnerships with interoperability protocols like LayerZero or Wormhole, and custodians like Copper and Fireblocks, we support cross-chain asset transfers from other networks like Ethereum or Solana, thereby lowering the entry barriers for users and capital.
Multilingual Development Support, Open Developer Ecosystem
Converge will also integrate the Arbitrum Stylus upgrade and EtherealDex application-specific chain, supporting smart contract development 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 significant computational costs but also attracts more development resources to converge within the ecosystem.
Validator Network (CVN): A Protective Layer Tailored for Institutional Investors
The CVN mechanism of Converge is dedicated to providing robust security and compliance assurances:
ENA Staking Mechanism:
Providing security protection through sENA without the need to issue new tokens.
Institutional-Level Compliance Framework:
Supporting verification and compliance processes for physical assets, catering to the needs of large asset management.
Flexible Permission Control:
The main chain adopts a permissionless model while offering more refined permission control for specific applications.
Partners Assist in Bridging Traditional and Decentralized Worlds
Converge also gathers strength from top DeFi protocols and traditional finance:
Arbitrum:
Providing underlying performance and scalability technology.
Celestia:
As a data availability layer, reducing costs and enhancing efficiency.
Conduit:
G2 sequencer support for high-speed block generation.
LayerZero, Wormhole, Copper, Fireblocks:
Achieving cross-chain interoperability and asset custody.
From On-Chain to Reality: Converge Accelerates Deep Integration of DeFi and RWA
By supporting RWA tokens such as BlackRock’s BUIDL, Converge becomes an ideal entry point for institutional investors. Its native stablecoins USDe and USDtb not only enhance liquidity but also alleviate market volatility:
The high-performance architecture, low-cost environment, and developer-friendly policies provided by Converge aim to collaboratively build a scalable, stable, and attractive on-chain financial infrastructure.
Testnet Launching Soon, Opening a New Era of On-Chain Finance
The officials finally revealed that Converge will launch its testnet in the coming weeks, allowing developers and users to experience its functionalities and architecture in advance. After the mainnet is launched, more details on partnerships and application plans will be announced.
Ethena Labs and Securitize are committed to making Converge one of the largest financial application blockchains globally, promoting the large-scale entry of institutional capital and achieving a true integration of blockchain and traditional finance.
Risk Warning
Cryptocurrency investments carry a high level of risk, and their prices can be highly volatile. You may lose all your principal. Please assess the risks carefully.