Ethena Labs and tokenization platform Securitize have announced Converge, a new Arbitrum-based chain that uses Celestia for data availability and is designed as a settlement layer for on-chain finance and tokenized real-world assets (RWAs). According to Arbitrum’s announcement, Converge is being built as “the next Arbitrum chain,” with Celestia “underneath,” and is intended to onboard about $7 billion in dollar-denominated assets, including Ethena’s synthetic dollar USDe and BlackRock’s tokenized U.S. Treasury fund BUIDL, into DeFi. Ethena and Securitize plan to migrate roughly $5 billion in USDe and $2 billion in tokenized securities to Converge, positioning the network as an institutional-grade hub for stable, yield-bearing assets on-chain. Technically, Converge combines the Arbitrum rollup stack with Celestia’s modular data-availability layer, making it a high-throughput, low-latency chain optimized for financial use cases. The network targets 100 ms block times at launch and uses stablecoins (USDe and USDtb) as gas tokens, aiming to keep transaction fees predictable for both institutional and retail users. Security is provided by a permissioned validator network that stakes Ethena’s token (via staked ENA / sENA) and incorporates KYC/KYB requirements, reflecting a design explicitly tailored to regulated institutions while remaining EVM-compatible for DeFi builders. By combining compliant infrastructure, large-scale tokenized assets such as USDe and BUIDL, and Arbitrum–Celestia modular architecture, Converge is positioned as a bridge between traditional capital markets and Ethereum-based DeFi.

AI-generated background, compiled from web sources — not editorial content.

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