Ethena lands Janus Henderson backing as asset manager invests in ENA, eyes USDe distribution
Key takeaways
- Under the agreement, Ethena will allocate and help distribute Janus Henderson's tokenized funds of collateralized loan obligations (CLO), the protocol said in a Tuesday X post.
- The firms are also exploring ways to offer USDe to Janus Henderson clients through exchange-traded investment products.
- ENA jumped 5% following the announcement before paring gains.
The deal underscores the trend of traditional asset managers backing De Fi infrastructure, following Black Rock's Uniswap and Apollo's Morpho investments.By Krisztian Sandor|Edited by Stephen Alpher Jun 9, 2026, 2:54 p.m. 2 min read Make preferred on Guy Young, CEO and cofounder of Ethena Labs (Coin Desk)What to know: Asset management firm Janus Henderson made a strategic investment in Ethena's governance token, ENA.The $480 billion asset manager plans to allocate treasury cash into USDe and explore distributing the yield token through exchange-traded products.The deal comes days after Coinbase Ventures invested in Ethena and announced a partnership to bring Ethena products to its user base.Ethena continues to deepen its ties with traditional finance, announcing a deal with asset manager Janus Henderson that includes a strategic investment in the protocol's governance token.
Under the agreement, Ethena will allocate and help distribute Janus Henderson's tokenized funds of collateralized loan obligations (CLO), the protocol said in a Tuesday X post.
Meanwhile, Janus Henderson, with $480 billion in assets under management, made a strategic investment in Ethena's ENA token and plans to use USDe, Ethena's yield-bearing synthetic dollar, as part of its treasury cash management strategy, according to a Thursday announcement.