Ethena Secures $20M From UAE’s M2 Holdings as Synthetic Dollar Protocol Expands Market Reach

• M2 Capital invests $20M in Ethena’s ENA to expand digital asset infrastructure in the Middle East.
• Ethena’s TVL surpasses $14.55B with 78,220 holders, showing strong adoption and steady distribution.
• ENA trades at $0.5836 with $374M volume, reflecting volatility but strong market participation.

M2 Capital Limited, the investment arm of UAE-based M2 Holdings, has committed $20 million to Ethena’s governance token ENA. The group said the deal fits with its plan to build out digital asset infrastructure in the Middle East while staying aligned with global financial markets.

M2’s affiliate, M2 Global Wealth, will also integrate Ethena’s products into its portfolio, giving clients regulated exposure to the protocol. Kim Wong, head of treasury at M2, described the move as setting a new standard for trust and security in the regional market.

M2 announces a $…

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