Deputy General Counsel, Ethena
Institutional
$300-400k
Infrastructure unlocking Ethereum's potential
Be an early applicant
Infrastructure unlocking Ethereum's potential
1-20 employees
Be an early applicant
$300-400k
1-20 employees
Company mission
To provide access to trustless, globally accessible, and secure money and savings.
Role
Who you are
- Experience with digital assets and relevant issues, including product structuring and launch
- Deep knowledge of regulation for financial services, investment management, banking, securities, and the like
- Proven ability to develop and lead legal strategy for institutional business units and manage legal risk
- Extensive experience leading complex negotiations and drafting sophisticated agreements related to institutional operations
- Expertise in the design, structuring, and lifecycle management of institutional financial products and investment vehicles
- Experience in implementing frameworks for legal risk identification, assessment, and mitigation, and advising on governance matters
- Strong track record of effective cross-functional collaboration and building consensus across departments
- Strong commercial awareness and ability to translate complex legal concepts into actionable business strategies
What the job involves
- Ethena has set itself the task of REAL expansion into the Institutional and TradFi market space
- “The Deputy General Counsel - Institutional” will serve as the primary general counsel for all initiatives related to the vertical
- This role involves overseeing and managing the day-to-day legal matters, informing & structuring strategy, and coordinating with both internal & external stakeholders
- You’ll be expected to fully own the responsibility for this side of Ethena's business, operating with significant autonomy, effectively managing the interests of multiple stakeholders while ensuring alignment with the company's overall vision and objectives
- This position reports to the General Counsel, but the level of responsibility and ability is expected to be on par with a lead legal role
- Spearheading legal operations for Ethena's institutional expansion of Crypto offerings
- Serve as the senior legal advisor and business partner, anticipating legal issues and proactively managing risks in complex institutional transactions and partnerships
- Ensure business operations are compliant with applicable laws, proactively manage regulatory change, and liaise with regulatory bodies as needed
- Lead complex negotiations and draft sophisticated agreements related to institutional operations. e.g., investment agreements, strategic alliances, joint ventures etc
- Provide deep legal expertise in the design, structuring, and lifecycle management of institutional financial products and partnerships
- Implement frameworks for legal risk identification, assessment, and mitigation
- Cross-Functional Collaboration with compliance, finance, risk, HR, product, and external counsel, building consensus and driving alignment across departments
- Act decisively in high-pressure or crisis scenarios, such as regulatory investigations, litigation risk, or reputational issues
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
Company
Funding (last 2 of 3 rounds)
Mar 2025
$16m
EARLY VC
Feb 2024
$14m
EARLY VC
Total funding: $36m
Company HQ
Pena, Lisbon, Lisbon
Leadership
Guy Young
(Founder)Founded Ethena in early 2023. Previously worked in Investing at Cerberus Capital Management.
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