Abu Dhabi MGX invests $2 billion in Binance to acquire minority stake This is Binance's first institutional investment to date, as well as the largest single investment in a cryptocurrency company and the largest investment in cryptocurrency (stablecoin) in history; This investment marks MGX's first foray into the fields of cryptocurrency and blockchain, and is also an important milestone in the cryptocurrency industry; What is Abu Dhabi MGX—— MGX is a technology investment company founded in March 2024, headquartered in Abu Dhabi, the capital of the United Arab Emirates. It was co founded by Abu Dhabi's sovereign wealth fund Mubadala and artificial intelligence giant G42, with the aim of promoting the development of artificial intelligence (AI), blockchain, semiconductors, and other advanced technologies through joint investments with global partners. The name MGX comes from "Mubadala+G42=X", symbolizing its ambition to combine the resources and expertise of the two institutions and explore unknown territories. MGX's mission is to accelerate the development and application of AI and advanced technologies, with a focus on AI infrastructure, core technologies, and related industries. Its assets under management are expected to exceed $100 billion, with major financial support provided by the Abu Dhabi government, although its operations are relatively independent. It is chaired by Sheikh Tahnoun bin Zayed Al Nahyan, Deputy Chief of Abu Dhabi, United Arab Emirates, and its CEO is Ahmed Yahya Al Idrissi.