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TechFlow news — stablecoin developer Ethena Labs has raised $14 million in a funding round co-led by Dragonfly, Brevan Howard Digital, and Maelstrom, the family office of BitMEX founder Arthur Hayes.
Guy Young, founder and CEO of Ethena, said the funding round values Ethena at $300 million and was structured using a Simple Agreement for Future Equity (SAFE) with token warrants.
Ethena Labs, a stablecoin developer, has completed a $14 million funding round. The round was co-led by Dragonfly, Brevan Howard Digital, and Maelstrom—the family office of BitMEX founder Arthur Hayes. Ethena's founder and CEO Guy Young said the financing values the company at $300 million, structured through a Simple Agreement for Future Equity (SAFE) with token warrants.
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