You configure blending on your render pipeline descriptor. I believe the equivalent configurations for your GL code are:
// glEnable(GL_BLEND)
renderPipelineDescriptor.colorAttachments[0].isBlendingEnabled = true
// glBlendFuncSeparate(GL_SRC_ALPHA,GL_ONE_MINUS_SRC_ALPHA,GL_ONE,GL_ONE_MINUS_SRC_ALPHA)
renderPipelineDescriptor.colorAttachments[0].sourceRGBBlendFactor = .sourceAlpha
renderPipelineDescriptor.colorAttachments[0].destinationRGBBlendFactor = .oneMinusSourceAlpha
renderPipelineDescriptor.colorAttachments[0].sourceAlphaBlendFactor = .one
renderPipelineDescriptor.colorAttachments[0].destinationAlphaBlendFactor = .oneMinusSourceAlpha
// glBlendFuncSeparate(GL_SRC_ALPHA, GL_ONE, GL_SRC_ALPHA, GL_ONE)
renderPipelineDescriptor.colorAttachments[0].sourceRGBBlendFactor = .sourceAlpha
renderPipelineDescriptor.colorAttachments[0].destinationRGBBlendFactor = .one
renderPipelineDescriptor.colorAttachments[0].sourceAlphaBlendFactor = .sourceAlpha
renderPipelineDescriptor.colorAttachments[0].destinationAlphaBlendFactor = .one