Franklin Templeton Alum Takes Helm at StablecoinX Amid Ethena Growth

StablecoinX has named Christopher Jensen as its new CEO, replacing Ted Chen who will remain chairman of the board. Jensen comes from Franklin Templeton's digital asset efforts, where he was a portfolio manager and director of research.

Jensen's background in traditional asset management is expected to influence risk controls, governance posture, and engagement with Ethena's evolving roadmap at StablecoinX.

The company holds approximately 3.03 billion ENA tokens, representing about 20% of the token's total supply, making it ENA's largest corporate holder.

ENA has struggled on a year-to-date basis but has rebounded sharply in the past month, according to CoinGecko data.