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42m ago

M2 Capital Puts $20 Million Into Ethena as UAE Wealth Arm Plans Client Integration

Ethena’s fast‑growing synthetic‑dollar system has become a focus for regional wealth platforms seeking regulated access for clients.

M2 capital invests $20m in ethena to expand digital assets in middle east

Overview

  • Abu Dhabi-based M2 Capital said on Sept. 25 it acquired a $20 million position in Ethena’s governance token ENA.
  • M2 Global Wealth, an affiliate of M2 Holdings, will integrate Ethena into its platform to offer regulated custody, liquidity solutions, and yield access.
  • Ethena runs USDe and yield-bearing sUSDe, which use crypto collateral and delta‑neutral hedging to target stability and generate returns from staking and derivatives.
  • The protocol has attracted over $14 billion in total value locked, with third-party data showing levels approaching $15 billion as adoption accelerates.
  • The move aligns with the UAE’s push for clearer digital-asset rules and follows M2’s backing of Sui-related initiatives, while other firms such as ArkStream and Mega Matrix have also signaled interest in ENA.