Jun 9
Ethena Lands $480 Billion Wall Street Giant, Will ENA Price Rally?
➤ Janus Henderson, a $480 billion asset manager, has invested in Ethena's ENA token and will back its synthetic dollar USDe with tokenized AAA CLOs. ➤ This partnership deepens the integration of traditional finance into crypto by diversifying USDe's reserves beyond crypto hedges and Treasuries into corporate credit. ➤ While the news is significant for Ethena's institutional reach, the ENA token price has dipped, with future rallies dependent on the swift implementation of the USDe allocation.