M2 Limited Capital, the M2 Holdings investment arm based in the EAU, has invested $ 20 million in the Ethena government tab, Ena. The movement underlines an impulse to connect investors in the Middle East with a new digital asset infrastructure at a time when the region seeks a more important role in global finances.
Ethena is better known for its crypto-native synthetic dollar, the USDE, and its version that contains rewards, its. Both are backed by collateral crypto and are maintained through coverage strategies designed to reduce volatility.
The protocol has attracted more than $ 14 billion in deposits since the launch in 2024, which reflects the appetite for products similar to the stable that also generate yield.
M2 Global Wealth, an affiliate of M2 Holdings, will integrate Ethena into its heritage management offers. The group says that this adds a regulated form for customers to access the yields of emerging digital assets. Kim Wong, M2 Treasury Chief, said the agreement establishes a new standard for confidence 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 occurs as the EAU continue to strengthen their regulatory framework to attract cryptographic signatures and investors.
When aligning with Ethena, M2 aims to offer custody, performance and liquidity services while accelerating the adoption of new digital finance tools in the Middle East.
