The Ethena Labs, the developer of the Usde Synthetic Dollar (Usde) and the financial technology company Securitize, published a preliminary roadmap for its upcoming converge network, a high-through-block blockchain that focuses on real assets and decentralized funds (Defi).
According to the announcement, a testnet shall be live with a Mainset start later in 2025 in the approaching weeks.
Converge has a native block time of 100 milliseconds (MS), whereby plans to cut back block times to 50 ms are to be reduced by Q4 2025. The developers also plan to realize at the very least one gigagas with potential throughput in 2025. Gigagas is a measure of billions of gas units which have been processed by a blockchain network in a single second in a single second.
Ethena and Securitize start the network to support the applications and unauthorized defi applications to support with permits, for the reason that border continues to vanish between traditional and decentralized funds.
Converge 1-year performance goals. Source: converge
Traditional funds that come along with the crypto world
Traditional financial institutions are increasingly using decentralized financial protocols and interact with tokenized real assets resembling stable coins and tokenized bonds.
The fusion of Tradfi and Defi has drawn mixed reactions from the crypto community, with some said that it was inevitable that the 2 worlds were raised, and others warn of institutional capture.
In an interview on January 21, Jenny Johnson, CEO of Franklin Templeton, Bloomberg said that US President Donald Trump would integrate crypto and traditional funds by determining clear regulations.
“We need a form of regulatory clarity in order that they will bring them together because they mainly increase the prices and an ideal innovation that allows the technology,” said Johnson.
Shibtoshi, the founding father of the Silentswap Privatate Palatin, who has stained trading platform, recently said with CoinTelegraph that some institutions are currently hesitating to tackle decentralized financial solutions.
The Defi founder said that an absence of privacy, legal liability issues and unclear regulations had hindered institutional adoption, but added that the instruments exist already to reply these concerns.
“The institutions have recognized the benefits of a securely decentralized system. As early as 2021, reports that nearly every third institutional investors in Krypto Defi already used,” Shibtoshi told CoinTelegraph.
