Ethena Foundation, the developer of USDe stablecoin, has raised $100 million via a private sale of their ENA governance tokens from investors, including Franklin Templeton

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Feb 24, 2025 - 12:00am

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Ethena, developer of the synthetic stablecoin USDe, has raised $100 million to finance a similar token targeted at traditional financial (TradFi) institutions, Bloomberg reported on Monday. The funding round was completed in December, with Franklin Templeton and Fidelity Investments-affiliated F-Prime Capital among the backers, the report added, citing a person familiar with the matter

Ethena Foundation has raised $100 million via a private sale of ENA tokens from investors, including Franklin Templeton, Polychain, Pantera, Dragonfly and F-Prime

Related projects

Ethena Foundation

USDe stablecoin

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Week 09 of 2025