DeFi protocol Ethena and real-world asset (RWA) tokenization firm Securitize have chosen Arbitrum and Celestia to power their new Converge blockchain. Ethena and Securitize plan to move their tokenized asset products onto Converge once the Layer 1 blockchain launches its mainnet. The institutional-focused blockchain requires high speed and security to attract institutional clients with billions in real-world assets (RWA) to tokenize. To achieve this, Ethena and Securitize will use Arbitrum’s high-performance Ethereum Virtual Machine (EVM) while leveraging Celestia for data availability. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io