The world's largest cryptocurrency trading platform, Binance, and the artificial intelligence and advanced technology investor MGX in Abu Dhabi announced a landmark $2 billion investment. This investment is the first institutional investment Binance has received, marking an important step for Binance in driving the adoption of digital assets and strengthening the role of blockchain in global finance. This is not only the largest single investment in a crypto company, but also the largest investment ever paid in cryptocurrency (stablecoin).
This investment demonstrates MGX's first foray into the cryptocurrency and blockchain space, acquiring a minority stake in Binance as part of its broader strategy to support the transformative impact of blockchain. By partnering with an industry leader, MGX aims to drive the convergence of innovation in artificial intelligence, blockchain technology and finance.
Binance has a significant presence in the UAE. The country is known for its innovative, advanced cryptocurrency regulations and clear digital asset framework. Today, Binance employs around 1,000 people in the UAE, a large portion of its global workforce of over 5,000. As the world's most secure, licensed and trusted cryptocurrency trading platform, Binance leads the industry, with trading volumes exceeding the combined total of the next few crypto exchanges, and over 260 million registered users globally, with cumulative trading volumes exceeding $100 trillion. This investment solidifies Binance's position at the forefront of the crypto revolution, while also underscoring MGX's commitment to driving AI-powered blockchain solutions, decentralized finance (DeFi) and the tokenized digital economy.
Ahmed Yahia, Managing Director and CEO of MGX, said: "MGX's investment in Binance reflects our commitment to driving the transformative potential of blockchain in digital finance. With accelerating institutional adoption, the demand for secure, compliant and scalable blockchain infrastructure and solutions is unprecedented. Binance has long been a driving force of crypto innovation, from trading platform technology and tokenization to staking and payments. We are united in our mission to build a more inclusive and robust digital finance ecosystem."
Richard Teng, CEO of Binance, added: "MGX's investment is a significant milestone for the crypto industry and Binance. We are shaping the future of digital finance together. Our goal is to build a more inclusive and sustainable ecosystem, with a focus on compliance, security and user protection. Binance has always been committed to working with global regulators to help develop transparent, responsible and forward-looking crypto industry policies. Our continued investments in security and compliance also reinforce our mission to foster a safe and trusted digital finance ecosystem."
Richard Teng previously served as the CEO of the globally renowned Abu Dhabi Global Market Financial Services Regulatory Authority, playing a key role in launching one of the world's first cryptocurrency regulatory frameworks, giving him a critical management role in Binance's regulatory strategy.
About MGX
MGX is a technology investment company focused on accelerating the development and adoption of artificial intelligence and advanced technologies through the establishment of world-leading partnerships in the United Arab Emirates and globally. MGX invests in areas where AI can deliver large-scale value and economic impact, including semiconductors, infrastructure, software, technology-enabled services, life sciences and physical AI.
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