Stablecoinx assures $ 530m investment or return to Treasury associated with Etherna
Stablecoin X Assets Inc. and TLGY Acquisition Corp. has announced that they have earned $ 530 million in new private investment in public equity (Pipe) Financing, expanding their chest of war to $ 890 million.
The increase is coming as companies are preparing to combine and list at Nasdaq under the Stablecoinx name under the “USDE” ticker. The fund Support A long -term approach to Treasury built around the ETHENA’s ETA token.
Stablecoinx is expected to hold more than 3 billion ENA, the companies said, adding that the company is expected to be the first focused Treasury vehicle for the Stablecoin protocol.
Investors include Brevan Howard, Susquehanna Crypto, and IMC Trading, in conjunction with repeated dragonfly and parafi backers.
The Ethena Foundation corresponds to the effort with a fresh $ 310 million purchase program, which brings total announcements to $ 570 million. Revenues will be used to get ENA in public markets.
To align their approach to market structure, StableCoinx developed a new advisory board led by Rob Hadick of Dragonfly.
The Board will focus on the management, partnership, and long -term value of the shareholder as the company associates the public equity capital with the Ethhena token economy. The deal ended to close in the fourth quarter.
Meanwhile, the Arkstream Capital announced it Investing $ 10 million in Etherna LabsBuilding an initial $ 5 million investment made last year.
