The UAE's M2Capital Invests $20 Million in Ethena to Boost Digital Asset Development in the Middle East

BlockBeats News, September 25th, M2 Capital Limited, the investment arm of UAE-based M2 Holdings, has invested $20 million in Ethena's governance token ENA. This move highlights the group's efforts to build new digital asset infrastructure in the Middle East and play a larger role in the global financial arena.

Ethena is best known for its crypto-native synthetic dollar USDe and its interest-bearing version sUSDe. Both are collateralized by crypto assets and utilize hedging strategies to reduce volatility. Since its launch in 2024, the protocol has attracted over $14 billion in deposits, reflecting strong market demand for products that combine stablecoin characteristics with yield-generating capabilities.

M2 Global Wealth, an affiliate of M2 Holdings, will incorporate Ethena into its wealth management product portfolio. The group stated that this provides clients with a regulated way to access the returns from emerging digital assets.