Ethena Labs, Unipessoal Lda announced that it has received $14 million in a round of funding co-led by new investor Brevan Howard Digital, returning investors Maelstrom, LLC and Dragonfly Capital on February 16, 2024. The transaction included participation from new investors Franklin Resources, Inc, Kraken Ventures, LLC, Avon Ventures, PayPal Ventures, Inc., Brevan Howard Digital, Binance Labs, returning investors Gemini Trust Company, LLC and Deribit B.V. The company has post money valuation of $300 million.