Ethena Labs and Securitize are set to introduce the Converge blockchain, targeting both retail and institutional investors to facilitate access to decentralized finance (DeFi) and tokenization markets. Announced at the Tokenize NYC conference, Converge is an Ethereum Virtual Machine (EVM) network designed to offer standard DeFi applications and specialized institutional-grade products. The Converge blockchain will launch with various offerings, supported by Securitize's tokenization infrastructure, which has seen nearly $2 billion minted across multiple blockchains. Converge will also offer custodial support from Anchorage and Copper and enable users to stake Ethena's governance token, ENA. The article highlights the growing demand for regulated DeFi systems among traditional institutions, with forecasts suggesting a $2 trillion market for tokenized assets by 2030. The on-chain representation of real-world assets (RWAs), including stablecoins, has surpassed $240 billion, while the RWA market excluding stablecoins is approaching $20 billion, indicating significant growth in this sector and interest from major investors.

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