BlockBeats news, on September 25, M2 Capital Limited, the investment arm of M2 Holdings based in the UAE, has invested $20 million in Ethena's governance token ENA. This move highlights the group's efforts to build new digital asset infrastructure in the Middle East and to seek a larger role in global finance. Ethena is best known for its crypto-native synthetic dollar USDe and its yield-bearing version sUSDe. Both are collateralized by crypto assets and utilize hedging strategies to drop volatility. Since its launch in 2024, the protocol has attracted over $14 billion in deposits, reflecting a strong market demand for products that combine stablecoin characteristics with yield capabilities. M2 Holdings' affiliate M2 Global Wealth will include Ethena in its wealth management product portfolio. The group stated that this provides clients with a regulated way to access returns from emerging digital assets.
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