The $2 billion investment is:
- The single largest investment into a crypto company
- The largest investment paid in crypto (stablecoin)
- And, the first institutional investment in Binance
New York – Abu Dhabi : Binance, the world`s largest cryptocurrency exchange, and MGX, the Abu Dhabi-based AI and advanced technology investor, have announced a landmark $2 billion investment. This transaction, the first institutional investment in Binance to date, marks a significant step in advancing digital asset adoption and reinforcing blockchain`s role in global finance. It is also the single largest investment into a crypto company and the largest investment ever paid in crypto (stablecoin).
This investment represents MGX`s first entry into the cryptocurrency and blockchain sectors, securing a minority stake in Binance as part of a broader strategy to support blockchain`s transformative impact on society. By partnering with the leading industry player, MGX aims to enable innovation at the intersection of AI, blockchain technology, and finance.
Binance has a substantial footprint in the UAE, a nation known for its innovation, progressive cryptocurrency regulation, and clarity in digital asset frameworks. Today, Binance employs approximately ~1,000 of its ~5,000 global workforce in the UAE. As the world’s most secure, licensed, and trusted cryptocurrency exchange, Binance leads the industry by a significant margin. It is larger than the next several cryptocurrency exchanges combined by trading volume, boasting over 260 million registered users and surpassing $100 trillion in cumulative trading volume. This investment solidifies Binance`s position at the forefront of the crypto revolution while underscoring MGX`s commitment to enabling AI-powered blockchain solutions, decentralized finance (DeFi), and the tokenized digital economy.
Ahmed Yahia, Managing Director & CEO, MGX, said, MGX`s investment in Binance reflects our commitment to advancing blockchain`s transformative potential for digital finance. As institutional adoption accelerates, the need for secure, compliant, and scalable blockchain infrastructure and solutions has never been greater. Binance has long been a driving force in cryptocurrency innovation, from exchange technology and tokenization to staking and payments. Together, we are committed to building a more inclusive and robust digital finance ecosystem.
Richard Teng, CEO, Binance, added, This investment by MGX is a significant milestone for the crypto industry and for 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. Binance remains committed to working with regulators worldwide to establish transparent, responsible, and forward-thinking policies for the crypto industry. Our ongoing investments in security and compliance reinforce our mission to foster a secure and trusted digital financial ecosystem.
Richard Teng, who previously served as CEO of the globally recognized Abu Dhabi Financial Services Authority, played a key role in initiating one of the world`s first crypto regulatory frameworks, making his leadership instrumental in Binance`s regulatory strategy..