M2 Capital Limited, the investment arm for UAE-based M2 Holdings, has invested $ 20 million in Ethena’s Governance Token, ENA. The move emphasizes a push to connect investors in the Middle East with new digital asset infrastructure at a time when the region is seeking a greater role in global funding.
Ethena is best known for its crypto-native synthetic dollar, USDE and its rewarding version, Susde. Both are supported by crypto security and maintained through cover strategies designed to reduce volatility.
The protocol has attracted more than $ 14 billion in deposits since the launch in 2024, reflecting the appetite of stablecoin -like products that also generate dividends.
M2 Global Wealth, an affiliated M2 Holdings, will integrate ethena into its wealth management offers. The group says this adds a regulated way for clients to access returns from new digital assets. Kim Wong, M2’s head of the Treasury, said the agreement sets a new standard for trust and security in the region’s market.
The investment follows M2’s participation in a financing initiative for the SUI blockchain ecosystem earlier this year. It also comes as UAE continues to strengthen its legislative frameworks to attract cryptic businesses and investors.
By adapting to Ethena, M2 aims to offer custody, dividend and liquidity services while accelerating the adoption of new digital financing tools in the Middle East.
