Ethena (BVI) Limited

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Ethena (BVI) Limited - overview

About

Based in Lisbon, Portugal, and founded in 2023, Ethena Labs, Unipessoal LDA, also known as Ethena Labs, operates as a blockchain technology firm that offers cryptocurrency solutions. The company was founded by its CEO, Guy Young. In September 2025, Ethena Labs, Unipessoal LDA raised USD 20 million in venture funding from new investor M2. Ethena Labs offers derivative infrastructure, dollar-denominated savings solutions, and decentralized finance solutions for the crypto-native yield market.

The company’s product line includes USDe, a delta-neutral stablecoin with an embedded yield that allows users to deposit USD, Ethereum, or liquid staking tokens as collateral to generate USDe; internet bonds, which are Ethereum-based stablecoins; and repo financing. The company will use the September 2025 funding to support synthetic dollar model by backing its governance token and integrating the company's offerings into client portfolios through its affiliate.

Current Investors

Dragonfly Digital Management, Bybit, Gemini

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Primary Industry

Financial Services

Sub Industries

e-Financial, Internet, Web Applications

Website

www.ethena.fi/

Verticals

Blockchain, FinTech

Company Stage

Angel & Seed

Total Amount Raised

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