Demex Daily #371: Ethena and Securitize Launch Converge to Bridge DeFi and RWAs

What’s Interesting Today:

Ethena Labs and Securitize are launching Converge, an EVM blockchain designed to bridge DeFi and real-world asset (RWA) tokenization for retail and institutional investors. Converge will integrate major DeFi projects like Ethereal, Morpho, and Aave Labs’ Horizon, with custodial support from Anchorage, Copper, and RedStone. Ethena’s ENA token can be staked, while USDe and USDtb stablecoins will serve as gas tokens. As institutional DeFi gains traction, RWAs are expected to reach $2 trillion by 2030, attracting investors by addressing inefficiencies in traditional and digital finance.

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Nym has launched NymVPN, a fully decentralized VPN designed to protect users from government, corporate, and AI surveillance. Unlike traditional VPNs, NymVPN uses a mixnet to route encrypted data through multiple servers while adding fake data to prevent tracking. This ensures complete anonymity without relying on a centralized provider. The launch comes amid growing government crackdowns on privacy tools, with demands for encryption backdoors. However, Nym argues its non-financial nature shields it from legal issues. The network remains decentralized, meaning it can operate independently even if its developers face pressure. While NymVPN has been introduced to groups in Ukraine and Syria, its anonymity prevents the team from knowing who is actually using it.