Ethena plans to launch the Converge mainnet, a blockchain focused on RWA, in Q2 of this year

According to a report by CoinDesk, the DeFi protocol Ethena and asset tokenization company Securitize are utilizing parts of Arbitrum's technology and the data availability network Celestia to build an Ethereum-compatible blockchain focused on real-world assets (RWA), with plans to launch the mainnet in the second quarter of this year.

This chain, named Converge, is dedicated to achieving fast block times and supports users in paying gas fees using Ethena's USDe and USDtb tokens. Additionally, the project team is developing security and assurance mechanisms through the Converge validator network.