Ethena raised $100 million in a funding round led by Franklin Templeton and F-Prime Capital to develop a new token targeting traditional financial institutions.
Ethena raised $100 million in a funding round led by Franklin Templeton and F-Prime Capital to develop a new token targeting traditional financial institutions.
02/24/25, 12:35 PM
Location
lisbonMoney raised
$100 million
Industry
information technology
Investors
Pantera Capital, Polychain Capital, Dragonfly Capital, F Prime Capital, Franklin Templeton
Ethena Labs secured $100 million through a private sale of ENA tokens, with significant backing from investors including Franklin Templeton, F-Prime Capital, and Dragonfly Capital. The funds will be used to support the launch of a new blockchain and a token aimed at traditional financial institutions.
Company Info
Location
33 nassau ave
lisbon, lisbon, portugal
Additional Info
Ethena is a synthetic dollar protocol built on Ethereum that provides a crypto-native solution for money not reliant on traditional banking system infrastructure, alongside a globally accessible dollar denominated rewards instrument - the 'Internet Bond'.
Ethena's synthetic dollar, USDe, provides the crypto-native, scalable solution for money achieved by delta-hedging Ethereum and Bitcoin collateral. USDe is fully-backed and free to compose throughout CeFi & DeFi.