MEXC Ventures Announces Second Strategic Investment in ENA, Total Commitment Reaches $30 Million
MEXC Ventures, the funding arm of worldwide cryptocurrency change MEXC, as we speak introduced its second strategic funding in ENA, the governance token of the Ethena protocol, bringing the agency’s whole funding dedication to $30 million. The further funding underscores MEXC Ventures’ confidence in the Ethena ecosystem’s progress trajectory and reinforces the change’s complete strategy to ecosystem improvement.
The funding follows MEXC Ventures’ earlier $16 million strategic funding in Ethena, a number one innovator in the stablecoin area, alongside MEXC’s acquisition of $20 million price of USDe. The mixed investments whole $66 million throughout the Ethena ecosystem, demonstrating MEXC’s systematic strategy to supporting the artificial greenback protocol and its governance infrastructure.
“Our second funding in ENA displays our dedication to backing the Ethena ecosystem—from the protocol itself to its governance token,” stated Cecilia Hseuh, Chief Strategy Officer at MEXC. “Through the synergy of change operations, strategic investments, and venture empowerment, MEXC serves as an {industry} enabler, offering complete help that extends far past conventional capital deployment.”
MEXC Ventures has established itself as an energetic ecosystem builder over the previous two years, deploying over $100 million throughout 40 funding initiatives, with 7 key initiatives receiving enhanced empowerment help together with operational help, advertising and marketing campaigns, and buying and selling initiatives. This built-in strategy leverages MEXC’s change infrastructure to offer portfolio firms with market entry, liquidity help, and technical experience.
The agency’s funding technique focuses on figuring out high-potential initiatives with sturdy fundamentals and modern expertise, then offering the excellent help wanted to scale successfully. For ENA, this implies entry to MEXC’s buying and selling infrastructure, person base, and operational experience—sources that conventional enterprise traders can not present.
“We view our position as ecosystem builders quite than passive traders,” Leo Zhao, Investment Director of MEXC Ventures, added. “Our synergistic strategy combining change operations, strategic investments, and complete venture help creates distinctive worth for our portfolio firms and drives industry-wide progress.”
MEXC Ventures will proceed to hunt out high-potential initiatives throughout blockchain sectors, offering them with long-term help and sources needed for sustainable progress. The agency stays dedicated to fostering innovation and driving mass adoption of cryptocurrency applied sciences by way of its built-in platform strategy.
About MEXC Ventures
MEXC Ventures is a complete fund beneath MEXC devoted to driving innovation in the cryptocurrency sector by way of investments in L1/L2 ecosystems, strategic investments, M&A and incubation. Upholding the precept of “Empowering Growth Through Synergy,” MEXC Ventures is dedicated to supporting modern concepts and energetic builders in crypto. As an investor and supporter of TON and Aptos, MEXC Ventures appears ahead to being on the forefront of TON and Aptos improvements and actively partnering with builders to drive the ecosystem ahead.
For extra info, go to: MEXC Ventures Website or ship e mail to media@mexcventures.com
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