Ethena, a crypto company, has raised $100 million through a private sale of ENA tokens in December. Among the investors are Franklin Templeton and F-Prime Capital, which is affiliated with Fidelity Investments. The funding will support the development of a new token targeting traditional financial institutions and the launch of its own blockchain. Ethena also operates the ENA governance token and the USDe stablecoin. The company recently launched USDtb, a stablecoin backed by BlackRock's USD Institutional Digital Liquidity Fund. Ethena confirmed that its stablecoin remains fully collateralized following a recent hack on the Bybit exchange. They also plan to introduce iUSDe, a specialized version of their stablecoin designed for traditional financial institutions, with additional features to make it suitable for fixed-income portfolios. Ethena aims to create a compliant gateway for traditional finance to access the high-yield opportunities of its stablecoin.



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