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.

Feb 24, 2025•10 months ago

Amount Raised

$100 Million

Lisboninformation technology & servicesInformation Technology

Investors

Pantera CapitalPolychain CapitalDragonfly CapitalF Prime CapitalFranklin Templeton

Description

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 Information

Company

Ethena Labs

Location

Lisbon, Lisbon, Portugal

About

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.

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