TradFi Meets DeFi: Converge Chain to Combine Tokenized Assets with Permissionless Protocols by 2025

Ethena Labs and Securitize will launch Converge testnet soon, with mainnet scheduled for release in 2025. Converge targets 100ms block time, aiming to reach 50ms and one gigagas throughput by late 2025 deployment window. Ethena Labs and Securitize have released initial details for Converge, a blockchain project designed to handle real-world assets and decentralized finance (DeFi) applications. The developers confirmed that a public testnet will be available in the coming weeks, with a mainnet launch expected later in 2025. According to the plan, Converge will operate with a native block time of 100 milliseconds. The team aims to reduce this to 50 milliseconds by the fourth quarter of 2025. Additionally, the project is targeting a throughput level of one gigagas per second — a figure representing the processing of billions of gas units in that timeframe. Bringing onchain finance to global markets with Ethena and Securitize assets requires an equally ambitious tech roadmap purpose built for institutions Introducing @convergeonchain’s technical overview: https://t.co/MmfQmF2OeU — Ethena Labs (@ethena_labs) April 17, 2025 The network is designed to support two types of use cases: permissioned applications for traditional financial assets and permissionless applications for DeFi tools. The integration of real-world financial processes into blockchain systems has increased in recent years. Institutions are exploring DeFi not only for cost reduction but also for access to programmable money and decentralized settlement options. ETHNews analysts, however, point to ongoing barriers including regulatory ambiguity, privacy gaps, and legal concerns. Franklin Templeton CEO Jenny Johnson addressed these concerns earlier this year. In an interview with Bloomberg, she stated that formal regulation could connect crypto and traditional finance. Johnson suggested that a clearer framework would enable more firms to use blockchain in regulated environments. On the DeFi side, some developers argue that the tools to solve privacy and compliance risks are already available. “We need to have some sort of regulatory clarity so that you could bring these together because, fundamentally, it will drive out costs, and there is great innovation that the technology enables,” Johnson said. According to Shibtoshi, the founder of SilentSwap, many institutions are open to using decentralized platforms, but still hesitate due to perceived risks. He noted that secure and private infrastructure exists but has not yet been adopted widely across institutional channels. Converge enters this sector with the stated goal of serving both markets—bridging regulated financial services and decentralized protocols. The outcome will depend on future regulatory changes, user demand, and whether the technical roadmap is completed as described. Source: Tradingview Ethena (ENA) is currently trading at $0.2752, posting a 1.83% daily gain, but remains deeply entrenched in a broader downt in a formal or creative style, maintaining a 500 word count. You must only respond with the modified content. Change the tone of my title “Ethena Labs and Securitize will launch Converge testnet soon, with mainnet scheduled for release in 2025. Converge targets 100ms block time, aiming to reach 50ms and one gigagas throughput by late 2025 deployment window. Ethena Labs and Securitize have released initial details for Converge, a blockchain project designed to handle real-world assets and decentralized finance (DeFi) applications. The developers confirmed that a public testnet will be available in the coming weeks, with a mainnet launch expected later in 2025. According to the plan, Converge will operate with a native block time of 100 milliseconds. The team aims to reduce this to 50 milliseconds by the fourth quarter of 2025. Additionally, the project is targeting a throughput level of one gigagas per second — a figure representing the processing of billions of gas units in that timeframe. Bringing onchain finance to global markets with Ethena and Securitize assets requires an equally ambitious tech roadmap purpose built for institutions Introducing @convergeonchain’s technical overview: https://t.co/MmfQmF2OeU — Ethena Labs (@ethena_labs) April 17, 2025 The network is designed to support two types of use cases: permissioned applications for traditional financial assets and permissionless applications for DeFi tools. The integration of real-world financial processes into blockchain systems has increased in recent years. Institutions are exploring DeFi not only for cost reduction but also for access to programmable money and decentralized settlement options. ETHNews analysts, however, point to ongoing barriers including regulatory ambiguity, privacy gaps, and legal concerns. Franklin Templeton CEO Jenny Johnson addressed these concerns earlier this year. In an interview with Bloomberg, she stated that formal regulation could connect crypto and traditional finance. Johnson suggested that a clearer framework would enable more firms to use blockchain in regulated environments. On the DeFi side, some developers argue that the tools to solve privacy and compliance risks are already available. “We need to have some sort of regulatory clarity so that you could bring these together because, fundamentally, it will drive out costs, and there is great innovation that the technology enables,” Johnson said. According to Shibtoshi, the founder of SilentSwap, many institutions are open to using decentralized platforms, but still hesitate due to perceived risks. He noted that secure and private infrastructure exists but has not yet been adopted widely across institutional channels. Converge enters this sector with the stated goal of serving both markets—bridging regulated financial services and decentralized protocols. The outcome will depend on future regulatory changes, user demand, and whether the technical roadmap is completed as described. Source: Tradingview Ethena (ENA) is currently trading at $0.2752, posting a 1.83% daily gain, but remains deeply entrenched in a broader downt” for a more friendly approach. Keep the content length about the same. You must only respond with the modified content.