Ethina Recently closed a financing round 100 million dollars To develop a New encryption box It aims to traditional financial institutions. Among the various investors, we find Franklin Timbalon and F-PRIME Capital’s founder.
This step will constitute an important milestone towards integration between the world of encryption and traditional financing. Let’s see all the details of the news below.
Ethina was raised 100 million dollars and launches a new encryption fund for the future of digital finance
Etheina recently secured a $ 100 million financing In order to develop an innovative encryption box. As mentioned before BloombergThis step enhances the project’s position in the digital asset market, which now aims to increase the inclusion in the traditions of traditional financing.
The operation, which took place in December 2024, was performed through Special sale of Ena symbols The participation of important players in the financial sector, such as Franklin Timbonton and F-PRIME CAPITAL, witnessed the investment capital associated with fidelity investments. Among the other investors who participated in funding are polychain caps, Dragonfly Capital and Pantera Capital.
Ethena currently runs two main encrypted currencies: Ena and USDE. The distinctive code works as a symbol of governance, allowing those bearing to participate in the project decisions. USDE, on the other hand, is the stablecoin associated with dollars, which quickly climbed the classification to become one of its kind in the world.
Thanks to this new fund, Ethena aims to develop an encrypted currency for financial institutions, and create a link between decentralized financing (Defi) and the traditional banking sector. particularly, The project aims to launch iusde, An institutional product designed to be used by the traditional financial entities subject to organizational supervision. In addition, part of the collected money will be used New Blockchain building For Ethaina and its ecosystem, as well as to finance the restoration of codes from current investors to improve the capital structure.
source: https://x.com/cryptorank_vcs/status/1894003527397093699/photo/1
Ethaina expanded with USDE and Ena
Ethaina showed impressive growth in the past year, with USDE and Ena origins quickly Popular acquisition among encryption users. The launch of the new encryption fund, which has been strengthened by raising $ 100 million, will help to increase the enhancement of Ethina’s environmental system, increase liquidity and enhance the adoption of its digital assets.
According to sand dune analysis data, Usde includes $ 5.8 billion suppliesWith an increase of about 150 % compared to the data as of May 2024. Despite the growth in the market, since November, this algorithms seem to have partially lost the attention of investors, given the decrease in the locked supply at stake, which decreased from 77 % to 64 Current %.
Very interesting to highlight how USDE Just for 6.73 % on CEX (The majority is on PipeWhile the rest, he lives mainly on chains such as Mantle, Irbia, Optimism, BNB, Fraxtal, Manta, Linea, and Karak
source: https://dune.com/hashed_official/ethena
Instead, Ena had the distinctive symbol of governance of a $ 1.3 billion market protocol, a different growth path compared to the United States of America. This cryptocurrency has become very popular in the second quarter of 2024, when it was launched on the market with Airdrop for ETHNA users. After that, there was a temporary bear wave that caused the low prices of Ena, but it was quickly recovered with the bull bull by Donald Trump, who bought the currency with his global financial project. Now Ena is trading at $ 0.41, a decrease of 67 % of the highest local level in December at $ 1.27.
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Conclusions
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The confidence has shown by the new investors indicates that Ethina has the ability to become a The main player in digital financing With the encryption box. The idea of enabling a new symbol designed for traditional financial institutions can be a penetration in this sector, as many banks and investment funds explore the adoption of Blockchain technology. If Ethina is able to put itself as a reliable bridge between the world of encryption and the banking sector, it may be a model for other similar initiatives in the future.
