M2 Capital, a VC from the UAE, invests $20 million in Ethena token ENA

Techub News, according to CoinDesk, M2 Capital Limited, the investment arm of UAE-based M2 Holdings, has invested $20 million to purchase ENA tokens of the stablecoin protocol Ethena. M2 Global Wealth, a subsidiary of M2 Holdings, will integrate Ethena into its wealth management products. The group stated that this provides clients with a regulated pathway to access yields from emerging digital assets. M2 Treasurer Kim Wong said this transaction sets a new standard for trust and safety in the regional market.