Ethena
Infrastructure unlocking Ethereum's potential
- 1-20 employees
- Fintech
- B2B
- Cryptocurrency
- Blockchain
- Pena, Lisbon, Lisbon
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Company mission
To provide access to trustless, globally accessible, and secure money and savings.
Our take
Ethena aims to provide accessible and permissionless dollar-denominated savings instruments to individuals beyond the United States. This begins with creating a US dollar stablecoin that operates independently of traditional financial systems, offering full collateralization and transparency.
Alongside this stablecoin, Ethena is crafting the world's first digitally native savings bond. Unlike traditional bonds tied to centralized banks, this bond token will provide an alternative savings platform for users worldwide.
This ambitious vision has attracted significant investment which will help the company propel its market presence. As Ethena strives to provide a decentralized and capital-efficient solution, it is poised to redefine the landscape of DeFi, offering a promising alternative to traditional banking systems for users globally.
Steph
Company Specialist at Welcome to the Jungle
Funding (2 rounds)
Feb 2024
$14m
EARLY VC
Jul 2023
$6m
SEED
Total funding: $20m
Leadership
Guy Young
(Founder)Founded Ethena in early 2023. Previously worked in Investing at Cerberus Capital Management.