Story Highlights
- MGX invests $2B in Binance, marking the largest crypto investment
- Binance secures first institutional investment from Abu Dhabi’s MGX
- MGX expands AI Investments, Backing OpenAI, xAI, and Databricks
Abu Dhabi’s sovereign wealth fund, MGX, has made a groundbreaking investment in Binance. A minority position in the crypto exchange has received a $2 billion fund investment. The payment occurs entirely in stablecoins, marking this deal as the biggest crypto investment through digital assets.
Binance receives its first investment from an institutional source with this move. The crypto investment is the biggest solitary investment transaction in an entire cryptocurrency enterprise. Institutional institutions are increasingly interested in blockchain technology as it transforms financial operations for future markets.
Binance CEO Hails MGX Investment as Milestone for Crypto Industry
MGX uses this strategic move to enter cryptographic information processing and blockchain solutions. The fund seeks to uphold innovation through its investment in Binance while focusing on the development at the blockchain and AI intersection with finance. As a market leader, Binance provides the perfect alignment for MGX’s mission to support DeFi and tokenized economies.
Binance conducts its business activities extensively from the United Arab Emirates, which stands as a leader in developing friendly crypto regulations. The exchange maintains 1,000 corporate workers among its total 5,000 staff members operating from UAE locations. Binance stands as the most trusted and largest crypto exchange, which has managed to accumulate over 260 million registered users while achieving more than $100 trillion in cumulative trading volume.
CEO of MGX, Ahmed Yahia, highlighted how important secure blockchains need to be for extensive scalability requirements. MGX dedicates itself to creating an extensive digital finance platform that welcomes everyone and operates inclusively.
Binance CEO Richard Teng declared this investment as a major development for the cryptocurrency sector. Binance maintains its focus on alliance with regulators and compliance while providing secure service to users. The leadership of Binance is heavily influenced by Teng’s previous work at the Abu Dhabi Financial Services Authority as he leads the company’s worldwide regulatory policies.
MGX Expands AI Investments Alongside Crypto Ventures
Beyond crypto, the company devotes resources to AI investments while maintaining its position in crypto activities. Bloomberg reports that MGX Investments has provided financial backing to AI companies OpenAI and Elon Musk’s xAI and Databricks Inc. The fund conducts strategic data infrastructure projects with Oracle, Microsoft, and BlackRock in addition to its existing partnerships.
Ultimately, this investment solidifies Binance’s leadership while reinforcing MGX’s commitment to advancing blockchain and AI-powered financial solutions.
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2025-03-13 19:15