Converge Blockchain:- Carlos Domingo, founder and CEO of Securitize, has announced the next step for their new EVM blockchain, Converge.
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.
Notably, Ethena Labs and Securitize had teamed up last month to unveiled their new chain – with plans for Q2 launch. It will natively accept USDe and USDtb (both $1‑pegged tokens) as gas fees.
The developer behind the popular stablecoins – USDe and USDtb – Ethena aims to migrate its existing DeFi ecosystem worth around $6 billion to this chain.
Further, the chain is being developed with the vision of bridging the gap between institutional-grade DeFi and tokenized RWA assets or markets.
With this partnership now, the chain will operate as a Arbitrum chain which is a leading Ethereum Layer 2 solution in web3.
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…
— Carlos Domingo (@carlosdomingo) April 17, 2025
What the Partnership of Arbitrum and Celestia Means for Converge Blockchain?
Revealing its tech specification and roadmap on April 17, Converge blockchain aims to provide a highly performance EVM environment.
The upcoming iteration of Converge will support interoperability with Ethereum, Avalanche, and Polygon. This will help users by providing more dynamic secondary market for tokenized stocks, bonds, and real-world assets (RWAs)
According to the info revealed in a Linkedin post, it will leverage Arbitrum’s Nitro tech stack to inherit Ethereum‑level security while maintaining full EVM compatibility.
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.
The integration, set to roll out in Q2 2025, will also leverage zero-knowledge (ZK) proofs to preserve privacy and streamline cross-chain transactions.
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 .
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. Though this week’s MANTRA collapse have caused a decline of 3% in RWA market, the long-term growth seems evident.
Is Tokenized market poised to grow?
The tokenization of real-world assets is projected to become a $10 trillion industry by 2030, according to Boston Consulting Group.
Thus, tokenization is not just a buzzword anymore — it’s a shift in the way capital markets operate.
But for it to be sustainable, it must be deeply compliant, institutionally trusted, and technologically seamless. And perhaps Converge can provide that.
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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