1. Expanding bridges between DeFi and TradFi

0-1Launching iUSDe in February 2025, a wrapped version of USDe specifically designed for traditional entities such as asset managers and investment vehicles. Goal: To capture a share of the supported bonds market valued at nearly $190 trillion – the largest financial market in the world .

472-0Trend towards offering compliant financial products and institutional investment .

2. Integrating sUSDe into daily financial applications via Telegram

578-0Building a payments and savings application on the Telegram platform (with 900 million users), allowing for easy sending, saving, and spending of sUSDe within conversations, with Apple Pay support for seamless transitions between saving and payments .

861-0Goal: To provide a "neobank"-like experience within a popular chat application .

3. Building the Ethena Network and expanding the ecosystem

959-0Developing Ethereal, a spot and perpetual trading platform, and Derive as an options and structured assets trading system, all supported by sUSDe .

1173-0Launching applications like money markets, uncollateralized lending, and on-chain prime brokerage using USDe and ENA .

4. Launching an institutional blockchain: Converge

Launching a new Layer‑1 network named Converge in partnership with Securitize, specifically designed for institutional capital flows and tokenization of real-world assets (RWA).

1353-1The network will be EVM compatible and will use ENA as a security token, and USDe / sUSDe as gas tokens, within an enterprise-focused architecture .

5. Increasing the value of ENA through governance and revenue

1674-0Looking to share revenue with ENA holders including returns on sUSDe, possibly within future share distribution mechanisms .

1868-0Expanding the use of ENA in Restaking and securing cross-chain transfers via LayerZero and Symbiotic within Ethena Chain .

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📊 Summary of future goals

Field Ambition

**Traditional Finance (TradFi)** Introducing iUSDe as a financial product usable in traditional institutions

Consumer applications Providing wallet experiences and savings opportunities within Telegram with Apple Pay

Decentralized infrastructure Launch of Ethena Chain, operating AMMs, Derive trading platform, and more

Institutional partnerships Converge network in collaboration with Securitize to facilitate institutional investment and asset tokenization

Enhancing demand for ENA Increasing the use of ENA in governance, restaking, and securing financial services

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🧠 Quotes from the Reddit community:

> 1998-8“Ethena Labs has unveiled its 2025 roadmap, which includes launching a Telegram‑based app for sUSDe payments and savings” 

2742-0“Ethena Labs and Securitize launch institutional‑focused Layer‑1 blockchain called Converge” 

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✅ At a glance:

Ethena aims to bridge decentralized finance with traditional finance through products like iUSDe, expanding sUSDe for regular users via Telegram, in addition to building an institutional empowerment network like Converge, and developing advanced decentralized financial applications. Thus, the ENA token seeks to become a cornerstone in governance, security, and incentives of the system, with a genuine direction towards global institutional expansion.

$ENA