Binance, the world’s largest crypto exchange has secured a landmark $2 billion investment from MGX, an Abu Dhabi-based AI and tech investment firm. The deal marks the first institutional investment in Binance and the largest crypto investment ever made, both in total size and in value paid entirely in stablecoins.
According to the announcement, this historic partnership signals a major shift in institutional sentiment toward the crypto space, with MGX making its debut in blockchain via a strategic minority stake in Binance.
MGX’s entry into crypto comes with the intent to fuel innovation at the intersection of AI and blockchain, supporting a tokenized, decentralized financial ecosystem. By backing Binance, MGX is aligning with a platform that boasts 260 million users, and substantial operations in the UAE, home to nearly 1,000 of its 5,000 employees.
Richard Teng, Binance’s CEO and former head of Abu Dhabi’s Financial Services Authority played a pivotal role in fostering crypto regulation in the UAE.
“This investment by MGX is a significant milestone for the crypto industry and Binance. Together, we are shaping the future of digital finance. Our goal is to build a more inclusive and sustainable ecosystem, with a strong focus on compliance, security, and user protection,” said Binance CEO, Richard Teng.
Ahmed Yahia, MGX’s MD/CEO added, “MGX’s investment in Binance reflects our commitment to advancing blockchain’s transformative potential for digital finance. Together, we are committed to building a more inclusive and robust digital finance ecosystem.”
The MGX investment highlights the growing institutional appetite for crypto exposure, especially through trusted and regulated infrastructure.
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