Ethena Labs, a USDE developer of a synthetic dollar (USDE) and Financial Technology SECURITIZE, have issued a preliminary road map for the upcoming Converge network, high support of blockchain focused on assets in the real world and decentralized finance (DEFI).
According to Testnet will be announced live in the coming weeks, with MainNet launch later in 2025.
Converge will contain a native 100 millisecond blocks (MS), with plans to shorten the locking time up to 50 ms to Q4 2025. Developers also plan to achieve at least one gigga of potential bandwidth in 2025. Gigagas is a measure of billions of gas units processed by the blockades in one second.
Etena and Securitize are launching a network to handle the permissible actual tokenized applications and free DEFI applications, because the border between customary and decentralized financing is constantly blurring.
Related: Ethena Labs leaves the German market after agreement with Bafin
Time-honored finances converging with the cryptographic world
Time-honored financial institutions are increasingly using decentralized financial protocols and interact with tokenized assets in the real world, such as Stablecouins and tokenized bonds.
The combination of Tradfi and DEFI attracted mixed reactions of the cryptocurrency community, and some say it is inevitable, that both worlds have met and others warning against institutional capture.
In an interview with January 21, general director of Franklin Templeton, Jenny Johnson he said Bloomberg that US President Donald Trump would integrate crypto and customary finances, establishing clear regulations.
“We must have some regulatory transparency so that you can connect them, because it will basically lead out costs and there is a great innovation that allows technology,” said Johnson.
Shibtoshi, founder of the SileTSWAP trade platform, recently said CointeLgraph that some institutions are currently hesitating before adopting decentralized financial solutions.
The founder of DEFI said that the lack of privacy, issues of legal liability and unclear provisions hindered institutional adoption, but added that tools to solve these problems already exist.
“The institutions were aware of the benefits of a safely decentralized system. Already in 2021, the reports said that almost one in three institutional investors in cryptography had already used DEFs,” said Shibtoshi, said Cointelegraph.
Warehouse: DEFI will be created again after the death of Memecoins: Sasha Ivanov, X Hall of Flame
