BlackRock Partners with Ethena Labs to Launch a New Blockchain Network – BitRss

Interest in cryptocurrencies from institutional players has been growing, and now a new milestone has been reached. Major asset managers like BlackRock are venturing into the crypto space by launching products. Recently, it was announced that BlackRock will support the ENA ($0.38) Coin team in launching a network aimed at tokenized assets.

What is Converge?

Ethena Labs and Securitize have announced the launch of a new network. Developed collaboratively, Converge will serve as a purpose-built blockchain optimized for both individual and institutional DeFi. By supporting Ethereum $1,914, it maintains a connection with Ethereum’s network, which has become a center for Real World Assets (RWA ($0.01)).