The cascading of power modules can generate multilevel voltage output to enhance power transmission capacity and quality. However, conventional cascaded converters need excessively high numbers of modules for high quality due to the only linear increase of levels with modules. Modules whose voltages following a decreasing sequence, e.g., a binary geometric progression (1, ½, ¼, …), imitate analog-digital conversion and generate very fine output shapes through a linear combination of modules with finer and finer steps. However, the use of modules with decreasing voltages rapidly reduces the energy content per module and typically requires dedicated module designs for every module voltage level. Thus, the large voltage differences thwart the initial goal of a uniform, modular, and readily scalable circuit. Furthermore, keeping this balance with very different voltages and energy contents in the same string becomes challenging, while modules with smaller voltages need to switch by orders of magnitude faster than larger ones. Active or diode-enabled parallel modes that simplified balancing and increased utilization in conventional cascaded circuits appear not helpful across the large voltage differences. This paper proposes a novel asymmetric converter design featuring a very different sequence of module voltages, an optimal low-cost control scheme, and accurate sensorless module-voltage regulation. The circuit does not operate any module below half the highest-voltage module (dc link voltage). Compared to previously suggested asymmetric cascaded circuits, modules will have significantly closer rated voltages, yet their voltages never decay to negligible values at higher voltage levels. The proposed tighter rated voltage range allows for a uniform module design with fully interchangeable modules. The reduced voltage difference between neighboring modules exponentially reduces the total size and dimensions of the inductors required to limit the balancing current. Moreover, we introduce an optional pseudo-parallel mode for efficient module-to-module energy exchange. Simulations using MATLAB/Simulink and a hardware prototype confirm the effectiveness of this approach.