M2 Capital to add Ethena into wealth management offering

UAE M2 Capital Limited, the proprietary investment arm of UAE M2 Holdings, a conglomerate with a diversified portfolio in digital asset solutions, has invested $20 million in Ethena ($ENA), the governance token of the Ethena ￰0￱ the latest investment, M2 Capital had invested in the Sui ￰1￱ powers USDe , a crypto-native synthetic dollar, and sUSDe, its value-accruing ￰2￱ date, Ethena has surpassed $14 billion in TVL . Ethena’s structure combines the stability of a synthetic dollar with the performance potential of a reward-bearing ￰3￱ is backed by crypto collateral and maintained through delta-neutral hedging. M2 Capital adds Ethena to portfolio M2 Capital, the investment arm of M2 Holdings, seeks to selectively integrate Ethena into its wealth management ￰4￱ Wong, Managing Director and Head of Treasury at M2 Holdings noted that the investment in Ethena offers sophisticated digital asset investors exclusive products in a regulated atmosphere for the MENA region.

Ethena’s Conor Ryder, Head of Research noted that stablecoins are the single most important instrument in ￰5￱ adds that stablecoins providing a crypto-native synthetic dollar are not only the largest challenge in the space but the largest ￰6￱ central bank stablecoin regulations do approve of the use of synthetic ￰7￱ AED fiat-backed stablecoins are allowed as legal tender in the UAE, with further support for fiat-backed stablecoins in virtual asset ￰8￱ smartest crypto minds already read our ￰9￱ in? Join them .