Ethena raises $100 million in private ENA token sale to build out new chain and institutional product
Article
Authors
James Hunt
Yogita Khatri
Publish date
Feb 24, 2025 - 12:00am
Publisher
The Block
Web URL
https://www.theblock.co/post/342955/ethena-100-million-usd-private-ena-token-sale-new-chain-institutional-product
Referenced by
Ethena raised $100 million in a private token sale
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The funds will be used to support building out a new chain for the Ethena network and its broader ecosystem, as well as the upcoming launch of its institutional product, iUSDe
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Ethena Foundation has raised $100 million via a private sale of ENA tokens from investors, including Franklin Templeton, Polychain, Pantera, Dragonfly and F-Prime
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