Ethena (ENA) secures $100 million for creation of new institutional token and blockchain launch
- Ethena: Raises US$100 million for expansion.
- Ethena plans to create a new token.
- Launch of own blockchain.
In a move that signals the growing maturity of the cryptocurrency market, Ethena Labs has just secured $100 million in funding. The private round, which took place in December, included participation from giants in the traditional financial market, such as Franklin Templeton and F-Prime Capital, as well as big names in the cryptocurrency universe, such as Dragonfly Capital Partners, Polychain Capital and Pantera Capital, according to information released. from Bloomberg.
The multi-million dollar investment comes at a crucial time for Ethena, which plans to use the funds to drive the development of a new token targeted at traditional financial institutions and launch its own blockchain. The company, already known for its innovative digital assets such as the ENA governance token and the USDe stablecoin, is now looking to expand its reach and solidify its position in the market.
At the time of publication, Ethena (ENA) price is trading at $0,415, down 8.0% over the last 24 hours. During this period, Ethena (ENA) trading volume was $225.917.266, representing a 14,90% increase from a day ago and signaling a recent surge in market activity. ENA is currently the 80th largest cryptocurrency with a market cap of $1.2 billion.
Ethena recently launched USDtb, a new stablecoin backed by financial giant BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), with 90% of its reserves allocated to the fund. In a significant development, USDtb was designed by developers to strengthen the stability of USDe during times of market turbulence.
It is worth remembering that, in January, the DeFi protocol Ethena announced its strategic roadmap for 2025, focused on strengthening ties between the DeFi universe and traditional finance (TradFi). The initiative demonstrates an important movement in the search for greater adoption and usability of blockchain-based solutions.
One of the main new features presented in Ethena’s 2025 roadmap is the launch of the iUSDe token, scheduled for QXNUMX. This new token is specifically designed to interact with traditional financial institutions. As explained by the developers, iUSDe represents an evolution of Ethena’s sUSDe token and has a wrapper contract with transfer restrictions, which makes it more suitable for use by TradFi entities.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Whale Sells $5.48M in TRUMP Token, Gains $483K
A crypto whale offloaded 630,339 TRUMP tokens for $5.48M, pocketing nearly $483K in profit at $8.70 per token.Whale Exits TRUMP Token with Nearly Half a Million in ProfitSmart Profit-Taking or Early Exit?Whale Moves as a Market Signal

Buy Low, Fly High: Arctic Pablo at $0.000099 Eyes $0.008 Surge, While Fwog And Pudgy Penguins Push Boundaries
Explore Arctic Pablo Coin's presale, Pudgy Penguins' gaming expansion, and Fwog's market trends. Discover the Top New Meme Coins to Invest in April 2025.Arctic Pablo Coin (APC): Staking and RewardsArctic Pablo Coin (APC): Presale Reaches Frostbite CityPudgy Penguins: Expanding into Mobile GamingFwog: Gaining Momentum in the Meme Coin MarketWrapping Up: Arctic Pablo Coin (APC) Stands OutFor More Information:

Australian Court Overturns License Ruling Against Block Earner, Sides with Fintech in Landmark Crypto Case
In a significant legal win for Australia’s crypto and fintech industry, the Federal Court has overturned a previous ruling that required digital finance firm Block Earner to obtain a financial services license for its discontinued fixed-yield crypto product.

Symbiotic Raises $29 Million to Build Universal Staking Coordination Layer
Symbiotic, a decentralised finance (DeFi) protocol, has secured $29 million in a funding round led by Paradigm and cyber.Fund.

Trending news
MoreCrypto prices
More








