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Arbitrum launches Converge, a new blockchain for tokenized real-world assets (RWAs) and on-chain finance

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Arbitrum has launched Converge , a new blockchain designed to serve as a settlement layer for tokenized real-world assets (RWAs) and on-chain finance.

The network will use Celestia ’s modular data availability layer, which ensures faster, more reliable data processing.

The assets of Ethena Labs , worth $5 billion , and those managed by Securitize , totaling $2 billion , will be moved onto Converge .