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Cryptocurrency News Articles

Converge Blockchain:- Carlos Domingo, founder and CEO of Securitize, has announced the next step for their new EVM blockchain.

Apr 18, 2025 at 10:18 pm

Announcing in a X post, CEO Dormingo said that the to-be launched blockchain will leverage Arbitrum and Celestia tech to develop their RWA-focused chain.

Converge Blockchain, the new EVM chain being developed by Ethena Labs and Securitize, will be powered by Arbitrum and Celestia technologies, as announced by Securitize CEO Carlos Domingo.

Announcing the next step of @convergeonchain with @securitize and @ethena_labs and the partnership with @arbitrum @celestia as the tech stack to launch an ambitious roadmap to bring the convergence of RWAs and DeFi! Thanks @sgoldfed and @musalbas for the support, technical...

The upcoming iteration of Converge will support interoperability with Ethereum, Avalanche, and Polygon, providing users with more dynamic secondary markets for tokenized stocks, bonds, and real-world assets (RWAs). It will also inherit the Arbitrum chain's robust security and rapid transaction speeds.

"Announcing the next stage of @convergeonchain by @securitize and @ethena_labs, and the partnership with @arbitrum and @celestia as the tech stack to launch an ambitious roadmap to bring the convergence of RWAs and DeFi!"

The post reads further: "A huge thank you to Stephen G. ("Sam") Oldfed and Musal Bas Mk II for the technical vision and support in this journey. We are also grateful for the partnership with Chainlink in providing the best-in-class decentralized oracle solutions."

The integration, set to roll out in Q2 2025, will also leverage zero-knowledge (ZK) proofs to preserve privacy and streamline cross-chain transactions.

"We are excited to announce that Converge will be powered by Arbitrum’s Nitro tech stack, providing Ethereum-level security with full EVM compatibility," the post adds.

This will enable builders to write smart contracts in Solidity, Rust, C, and C++ - broadening the developer toolkit beyond standard EVM languages. They can also leverage Converge Blockchain’s ultra-low latency with 100 ms block times at launch and an ambition of 50 ms by year-end.

Role of Celestia in Converge Development

And for Celestia, it will serve as a dedicated DA Layer for converge blockchain. Rather than posting full transaction data on Ethereum or a traditional L1, Converge would offload its data availability to Celestia. This “alt-DA” approach dramatically lowers storage and bandwidth requirements for nodes.

"This integration will be pivotal in enabling Converge to scale to millions of transactions while remaining highly secure," the post noted.

Notably, Celestia uses Data Availability Sampling (DAS) to allow light clients to verify data correctness efficiently. This will enable Converge to scale to millions of transactions without compromising security.

This announcement comes amid a broader wave of financial institutions exploring blockchain-based solutions for settlement, custody, and trading of RWAs.

The tokenization of real-world assets is projected to become a $10 trillion industry by 2030, according to Boston Consulting Group.

As such, tokenization is no longer a buzzword — it's a shift in the way capital markets operate. For it to be truly sustainable, it must be deeply compliant, institutionally trusted, and technologically seamless.

Securitize’s enhanced Converge blockchain could position it as a major facilitator of that transition — particularly as interest in blockchain rails for traditional finance continues to accelerate.

With its next chapter on the horizon, Securitize appears poised to play a critical role in the convergence of blockchain and regulated finance.

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Other articles published on Apr 20, 2025