Ethena Labs and Securitize have unveiled their roadmap for the Converge network, which is set to revolutionize tokenized real-world asset applications and decentralized finance (DeFi).

The Converge network aims to seamlessly integrate tokenized real-world assets with DeFi, leveraging the existing asset ecosystems of Ethena and Securitize, which collectively are valued at billions.

Carlos Domingo, co-founder and CEO of Securitize, announced that a testnet for Converge will be launched within weeks, with the mainnet expected to follow shortly thereafter.

The network is designed for efficiency, targeting a native block time of 100 milliseconds, which is projected to decrease to 50 milliseconds by the fourth quarter of 2025, alongside a throughput goal of at least one gigagas.

To ensure security, the Converge Validator Network (CVN) will oversee the network, providing mechanisms for emergency interventions and governance reviews.

Despite the potential benefits of DeFi, some institutions remain cautious about adoption due to privacy, legal liability, and regulatory concerns, although solutions to these issues are reportedly in development.

Jenny Johnson, CEO of Franklin Templeton, highlighted the necessity for regulatory clarity to enhance the integration of crypto with traditional finance, which she believes could lower costs and spur innovation.

The Converge project will incorporate technology from Arbitrum and the data availability network Celestia to boost both performance and security.

Participation in the CVN will require staking ENA, Ethena's governance token, which is set to launch shortly after the mainnet goes live.

Transactions on the Converge network will utilize Ethena's tokens, USDe and USDtb, both designed to maintain a stable value around $1.

Converge will accommodate both permissioned and permissionless applications, reflecting the growing convergence of traditional finance and decentralized finance.

Ethena has established a strong presence in DeFi with its $5 billion stablecoin USDe, while Securitize manages nearly $4 billion in tokenized assets from major financial institutions.