Ethena Labs
PrivateLast Round
Strategic
Jun 9, 2026
Est. Valuation
$300M
Total Funding Raised
$46M
Company Overview
Ethena Labs operates in Crypto & Web3 and is based in Lisbon. Its latest recorded funding round was a Strategic round in June 2026.
Ethena Labs is a decentralized finance company that develops a synthetic dollar protocol on the Ethereum blockchain.
Sector
Crypto & Web3
Verticals
DeFi, Stablecoins, Blockchain Infrastructure
Business Model
B2B2C
Customer Profile
Revenue Share
AI Layer
Non-AI
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Ethena Labs Comparables
Compare Ethena Labs with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Resolv | 88% | |
| usdx.money | 85% | |
| Falcon Finance | 84% |
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Ethena Labs Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Strategic | Jun 9, 2026 | ||||
| Strategic | Aug 1, 2025 | ||||
| Strategic | Mar 12, 2025 | ||||
| Token Sale | Dec 1, 2024 | ||||
| Seed | Feb 16, 2024 | ||||
Seed | Jul 17, 2023 |
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Ethena Labs Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Maelstrom | Seed |
| Janus Henderson Group | Strategic |
| BitMEX Ventures | Seed |
| Franklin Advisers | Strategic, Seed |
| BH Digital | Seed |
| Castle Island Ventures | Seed |
| F-Prime Capital | Token Sale |
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Market signals
Structured signals derived from secondary market and firmographic data.
- Apr 6, 2026
Struck a lending deal with Anchorage for USDe reserves.
- Apr 6, 2026
Entered into a lending deal with Maple Finance.
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Recent news
Latest coverage and updates
- launchesNov 12, 2026
Ethena GmbH launches a $100M 24/7 liquidity tool for BlackRock’s BUIDL tokenized fund, enabling eligible investors to redeem shares for supported stablecoins outside traditional market hours, on Nov 12th '26.
- launchesNov 12, 2026
On Nov 12th '26, Ethena GmbH launches a $100 million, 24/7 liquidity tool that enables eligible investors to redeem BUIDL shares for supported stablecoins, including USDC, outside traditional market trading hours.
- launchesNov 11, 2026
Ethena GmbH launches discount note markets that let investors purchase up to $50 million of PT-USDe at a fixed APY of up to 6% in Nov '26.
- launchesNov 4, 2026
Ethena GmbH launches an institutional lending dashboard that provides real-time visibility into loans, custodians, and LTV ratios.
- launchesOct 28, 2026
Ethena GmbH launches Earn+ vault design on Oct 28th '26, offering a leveraged USDe strategy with USDT borrowing through an external vault on Aave v4 on Avalanche and advertising up to 12% APY.
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Ethena Labs Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
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Frequently Asked Questions
Common questions about Ethena Labs's valuation, stock price, and market status.
Is Ethena Labs a public or private company?
Ethena Labs is a private company.
What is the current stock price of Ethena Labs?
Ethena Labs is a private company, so its shares have no public market price. Caplight tracks Ethena Labs's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is Ethena Labs worth (valuation)?
Ethena Labs's valuation is estimated at $300.0M based on funding round data.
Can I buy Ethena Labs stock?
Ethena Labs shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was Ethena Labs's last funding round?
Ethena Labs's most recent funding round was Strategic on June 9, 2026.
Who are the main investors in Ethena Labs?
Key investors in Ethena Labs include Maelstrom, Janus Henderson Group, MEXC Ventures, ArkStream Capital, Dragonfly Capital.
Will Ethena Labs IPO soon?
No public IPO plans have been announced for Ethena Labs.
How can I track Ethena Labs secondary market activity?
Caplight tracks bids, offers, and trades in Ethena Labs's shares on secondary markets.