StablecoinX Taps Franklin Templeton Vet as New CEO Amid Ethena Expansion
StablecoinX, a publicly listed company focused on the Ethena ecosystem, has appointed Christopher Jensen as its new chief executive officer. Jensen, formerly with Franklin Templeton's digital assets team, will lead the firm's management of ENA, Ethena's governance token.
The appointment replaces Ted Chen, who guided StablecoinX through its June public listing and will continue to serve as chairman of the board. The CEO change places further emphasis on StablecoinX's role as one of the largest institutional holders of ENA at a time when Ethena-related products are expanding.
StablecoinX holds approximately 3.03 billion ENA tokens, about 20% of the token's total supply, making it ENA's largest corporate holder. Jensen's background includes building Franklin Templeton's digital asset group after its 2018 launch.