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2h ago

M2 Capital Puts $20 Million Into Ethena, Bringing USDe Access to Middle East Investors

The Abu Dhabi firm will channel the protocol’s synthetic‑dollar products to clients through its regulated wealth arm.

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

Overview

  • M2 Capital invested $20 million in Ethena’s ENA token, confirmed in a September 25 press release.
  • M2 Global Wealth plans to integrate Ethena into its platform to offer regulated custody, liquidity and yield access for regional clients.
  • Ethena runs USDe, a crypto‑native synthetic dollar, and sUSDe, a reward‑bearing version backed by collateral and hedging strategies.
  • The protocol reports more than $14 billion in deposits since its 2024 launch, reflecting rapid uptake of its model.
  • Project data cited in coverage says sUSDe produced about 14% returns in favorable 2025 market conditions, and the deal follows M2’s earlier backing of the Sui ecosystem.