Here is the English translation of the text, with the specified terms translated as instructed: On the evening of March 12, a major news about Binance's financing quickly ignited the industry. Binance officially announced that it has reached a $2 billion investment agreement with MGX, an artificial intelligence and advanced technology investment company headquartered in Abu Dhabi. MGX will acquire a minority stake in Binance. This investment is Binance's first institutional investment to date, and is also the largest single financial investment in the history of cryptocurrency, and may be the largest investment ever paid in cryptocurrency (stablecoin). Who is MGX? - The capitalization of Abu Dhabi's "technological sovereignty" Background and positioning MGX (Machine Group X) was established in January 2024, initiated by the Abu Dhabi Artificial Intelligence and Advanced Technology Committee (AIATC), and is the core vehicle for the "technological sovereignty" strategy promoted by the UAE royal family. The chairman of the board of directors, Sheikh Tahnoun bin Zayed Al Nahyan, is not only the Deputy Ruler of Abu Dhabi and the National Security Advisor, but also the son of the UAE's founding president, directly controlling over $1.5 trillion in state-owned assets and private funds. The establishment of MGX marks the UAE's ambition to transform from an oil economy to technologies such as AI and blockchain in the Fourth Industrial Revolution, with the strategic positioning of "reshaping the global technology industry landscape through the synergistic operation of capital, technology, and policy." Team and financial strength According to official information, the chairman of the board of MGX is Sheikh Tahnoun bin Zayed Al Nahyan (hereinafter referred to as Tahnoun). Tahnoun is also the Deputy Ruler of Abu Dhabi and the National Security Advisor of the UAE. From another perspective, Sheikh Tahnoun bin Zayed Al Nahyan's identity can be explained more clearly. He is the son of Sheikh Zayed bin Sultan Al-nahayan, the founding president of the UAE, and the younger brother of the current president, Sheikh Mohamed bin Zayed Al Nahyan. Bloomberg reported in 2024 that Tahnoun controls over $1.5 trillion in state-owned assets and private funds, which would be a huge opportunity for any fund manager or financial professional to meet him (even for just 10 minutes). Time magazine even selected him as one of the 100 most important people in the AI field in 2024 - it can only be said that money can do anything. In terms of execution, the CEO of MGX is Ahmed Yahia Al Idrissi, who previously served as CEO of the direct investment platform under the UAE state-owned investment company Mubadala, with over 30 years of operational and investment experience. Records show that Mubadala and another UAE state-owned company G42 were the initial basic partners in the establishment of MGX - Wikipedia explained more bluntly that MGX was jointly initiated by these two entities, and the chairmen of the boards of these two institutions are Mohamed and Tahnoun. The executive team of MGX spans the technology and finance fields: technology leaders such as the former Chief Strategy Officer of Google DeepMind and the project manager of SpaceX's interstellar spacecraft project have joined, and the person in charge of the UAE central bank's digital currency has joined the investment committee, forming a "technology + finance" dual-drive model. It plans to deploy a $30 billion dedicated fund by 2025, focusing on frontier fields such as quantum computing and synthetic biology. This capital scale far exceeds traditional venture capital institutions, demonstrating the crushing power of sovereign wealth funds. In short, MGX is a thorough UAE sovereign investment institution, backed by one of the wealthiest families in the Middle East, and even the entire world. Development history and technology layout In the few official announcements of MGX, it also mentioned the cooperative relationships between MGX and giants such as BlackRock, Microsoft, and GIP. Although it has only been established for one year, MGX has already built an empire covering the entire AI industry chain: Basic layer: Holding a stake in NVIDIA, collaborating with OpenAI to build the largest data center cluster in the Middle East to break through the computing power bottleneck; Algorithm layer: Acquiring a natural language processing company in Silicon Valley, investing in European AI laboratories to strengthen technical reserves; Application layer: Focusing on smart cities, digital healthcare, and climate technology, and aligning with the UAE's 2050 carbon neutrality strategy. Its global expansion is particularly aggressive: $1.9 billion acquisition of Brazilian biometrics company Pixeon to fill the Latin American market gap; joint construction of the Middle East's first AI chip packaging plant with Samsung; $400 million investment in Chinese autonomous driving unicorn Pony.ai. The "technological sovereignty" logic of MGX is clear - through capital acquisitions, it quickly occupies core nodes and builds a complete ecological closed loop from chips to applications. Why choose Binance? - MGX's "blockchain breakthrough" logic Strategic fit: Experiment on the integration of AI and blockchain The core motivation for MGX's investment in Binance is to promote the synergistic innovation of "AI + blockchain". Its official statement emphasizes that blockchain technology can empower the data rights confirmation of AI model training, the automated transactions driven by smart contracts, and the construction of decentralized computing power networks. For example, the high throughput characteristics of the Binance Smart Chain (BSC) combined with MGX's AI computing infrastructure may spawn a distributed machine learning platform; while the stablecoin payment system can optimize the efficiency of cross-border AI service settlement. This technological integration is a key piece of MGX's "new digital financial order" blueprint. Geopolitical considerations In recent years, the UAE has been actively building a "crypto-friendly" regulatory environment, launching the world's first metaverse license in 2023 and issuing the "Distributed Ledger Technology Framework" in 2024 to clarify the compliance path for tokenized assets. Binance CEO Richard Teng previously led the design of the crypto regulatory framework for the Abu Dhabi Global Market (ADGM). By investing in Binance, MGX can leverage the liquidity advantages of the world's largest exchange to accelerate the Middle East's transformation into a Web3 capital and talent hub, and resist the competitive pressure from traditional financial centers in Europe and the United States. Risk hedging and asset allocation Traditional sovereign funds are facing the dual challenges of the decline of the petrodollar system and the escalation of geopolitical conflicts. MGX's inclusion of cryptocurrencies in its asset portfolio can not only hedge against fiat currency inflation risks (especially the volatility of the US dollar-dominated SWIFT system), but also access emerging tracks such as DeFi and RWA (tokenization of real-world assets) through the Binance ecosystem. According to CoinMarketCap data, Binance currently lists 466 crypto assets with a daily trading volume of over $65 billion, and this depth of liquidity is an indispensable infrastructure for MGX's layout of digital finance.

The Core Value of Binance - Accelerating the Compliance Process

In recent years, Binance has been embroiled in controversy due to regulatory pressure, and the entry of MGX can be seen as a "compliance booster shot". The background of the UAE royal family can help Binance clear policy obstacles in regions such as the Middle East and North Africa, such as quickly obtaining a comprehensive license from ADGM (Abu Dhabi Global Market), and even promote the integration of Islamic finance standards and crypto assets. Currently, Binance has over 1,000 employees in the UAE, accounting for 20% of its global team, and this collaboration will further consolidate its position as the "crypto gateway to the Middle East".

More details about this financing are yet to be disclosed,but according to Binance's official announcement, Richard Teng, the current CEO of Binance, previously served as the CEO of the Abu Dhabi Financial Services Regulatory Authority, and he may have played a key role in this financing.

In summary, with the completion of this financing, Binance's compliance process in the Middle East market will enter a new chapter.

Future Outlook: The Prelude to the "Gulf War" of Web3

The partnership between MGX and Binance is essentially a microcosm of the transformation from the petrodollar to the "algorithm dollar". The UAE is trying to seize the discourse power of global digital finance through a trinity model of "sovereign wealth fund + technology M&A + policy innovation". For the industry, this is not only a blood transfusion at the capital level, but also a sign that the crypto industry is moving from the era of the wild west to the level of geopolitical competition.

This $200 million gamble is opening the curtain on the "new Cold War" in the Web3 world - and the victor is likely to be those who can both ride the technological wave and master geopolitics.