M2 Capital Invests $20M in Ethena’s Governance Token ENA
M2 Capital Limited, part of UAE-based M2 Holdings, invested $20 million in Ethena’s governance token, ENA.
This investment aims to connect Middle Eastern investors with digital assets, as the region seeks a stronger role in global finance.
Ethena offers crypto-native synthetic dollar products, USDe and sUSDe, backed by crypto collateral with hedging strategies to reduce volatility.
The protocol has attracted over $14 billion in deposits since 2024, indicating strong interest in stablecoin-like products offering yield.
M2 Global Wealth will incorporate Ethena into its wealth management services, providing regulated access to emerging digital asset returns.
Kim Wong, M2's head of treasury, views the deal as setting new standards for trust and security in the regional market.
The investment follows M2's earlier participation in funding the Sui blockchain ecosystem and aligns with the UAE's efforts to enhance its crypto regulatory framework.
M2 aims to offer custody, yield, and liquidity services, promoting digital finance tool adoption in the Middle East.
