In the context of DeFi and real-world assets (RWA) increasingly coming together, a new name is attracting attention in the Web3 community: Converge — a blockchain specially designed to connect traditional capital flows with decentralized applications. Ethena and Securitize, two giants in the stablecoin and asset tokenization fields, are collaborating to launch the Converge mainnet before the end of Q2 this year.
Why could Converge become the new backbone for RWA on Web3?
1. Combining top-notch infrastructure: Arbitrum + Celestia
#Converge does not build a blockchain from scratch. The project leverages the technology of Arbitrum — a prominent layer-2 on Ethereum — combined with Celestia's data layer to optimize scalability and storage costs. With the G2 sequencer provided by Conduit, this blockchain can handle transaction volumes much larger than current EVM networks.
Sequencer: The component that processes the transaction order of layer-2 before pushing it to Ethereum layer-1.
Celestia: Infrastructure that helps save storage costs for networks that need to handle large amounts of data.
2. Unique gas tokens: USDe and USDtb
Unlike traditional blockchains that use $ETH or native tokens for transaction fees, Converge allows users to pay fees with USDe and USDtb — two stablecoins issued by Ethena, pegged to the value of 1 USD. This makes cost calculations and accounting integration easier for both developers and users.
3. Supporting both permissionless and permissioned apps
Converge is designed to serve both the free DeFi community and open doors for traditional financial institutions. Developers can deploy apps without permission, while organizations like Securitize can create a legally compliant space for RWA — from money market funds to tokenized securities.
Ethena + Securitize: Each with its own strengths
Ethena is currently leading the trend of yield-bearing stablecoins with USDe worth over 5 billion USD and USDtb worth 1.4 billion USD, backed by assets from BlackRock.
Securitize is a major asset tokenization company, managing nearly 4 billion USD in traditional assets from giants like Apollo, Hamilton Lane, and BlackRock...
The combination of a powerful DeFi protocol and a leading traditional tokenization organization creates a sustainable ecosystem with high practical applicability.
High security with the Converge Validator Network (CVN)
To ensure safety and stability, Converge introduces the Converge Validator Network (CVN) — a validation system that acts as the network's "security council":
Emergency intervention can occur when there is a risk of losing money.
Activate the circuit breaker to pause the network in case of serious errors.
Participate in reviewing important governance proposals.
To become a validator in CVN, users need to stake the token $ENA — the governance token of Ethena. CVN will officially operate shortly after the mainnet launch.
Big goal: Tens of billions of USD in traditional assets on the blockchain.
According to Carlos Domingo, CEO of #Securitize , Converge's long-term goal is to bring tens of billions of USD in institutional capital on-chain. To achieve this, they need:
High performance with fast block times.
High security for real-world financial applications.
User-friendly experience with stable gas tokens.
A governance mechanism that is transparent enough but still adaptable in emergencies.
Impact on the crypto market and Binance users?
The launch of Converge marks a new turning point for the RWA and DeFi ecosystem. As major organizations like BlackRock, Apollo, and Hamilton Lane gradually transfer traditional assets to the blockchain, users on exchanges like Binance will see stablecoins and RWA become more prevalent.
In addition, Ethena's integration of stablecoins like USDe and USDtb as gas tokens could set a new standard in transaction payments, helping users avoid price volatility when using native tokens like ETH or $BNB .
Conclusion
Converge is not just a new blockchain — it is a platform connecting traditional finance and Web3. With backing from Ethena and Securitize, along with powerful technology from Arbitrum and Celestia, the project is laying the groundwork for a true on-chain RWA era.
If the mainnet launches on schedule by the end of Q2, Converge could become an important piece in the new wave of decentralized finance.
Risk warning: The cryptocurrency market is highly volatile and may not be suitable for everyone. The content of this article is for informational purposes only and should not be considered investment advice. Please think carefully and consult financial experts before making any decisions.