Ethena - Strategic

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.