Ethena Labs, Securitize choose Arbitrum and Celestia's DA for Converge blockchain targeting real-world assets

Quick Take

• Converge’s Ethereum-compatible network will launch in Q2 2025, combining permissionless decentralized finance (DeFi) products and institutional permissioned offerings.
• The chain will employ Arbitrum and Celestia technologies with Conduit’s G2 sequencer for improved transaction speeds and optimized data features.
• Gas tokens will include USDe and USDtb, as well as a validator system built on staked ENA, according to Ethena and Securitize.