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Ethena - Strategic
Overview
Funding Date
February 24, 2025
Financing amount
$100M
Valuation
--
Category
Subcategory
About Ethena - Strategic
Ethena has secured funding through a private sale of its ENA tokens. Its stablecoin, USDe, has grown significantly since its launch a year ago, ranking among the largest globally. With the $100 million raised, Ethena aims to support the development of a new token tailored for traditional financial institutions.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 1947 | 33 | -- | ||
| Fund | United States of America | 1946 | 7 | -- |
Founders & Team
Guy Young
Company Profile / Project Introduction
Ethena is a startup developing the first-ever ‘internet bond’ and a new Ethereum-based stablecoin secured by derivatives. Founded earlier this year, Ethena aims to address the need for accessible, permissionless dollar-denominated savings instruments beyond the US. The firm is working to develop two new products for investors operating outside of the US:
- A US dollar stablecoin with a novel mechanism for maintaining its peg that will enable it to operate entirely independently of the traditional financial system; and
- The first-ever digitally native savings bond.