Binance, the global cryptocurrency exchange, has secured a $2billion investment from MGX, an Abu Dhabi-based AI and advanced technology investor.
Representing the single largest investment ever into a crypto company, and the largest investment ever paid in crypto, the transaction from MGX is also the first ever institutional investment in Binance. The crypto exchange says the investment marks a significant step in advancing digital asset adoption and reinforcing blockchain’s role in global finance.
It is also MGX’s first foray 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.
Binance has established a significant footprint in the UAE, which is known for its progressive cryptocurrency regulation, and clarity in digital asset frameworks. The exchange now employs around one-fifth of its global workforce (~1,000 of 5,000) in the UAE.
Richard Teng, CEO at Binance, discussed the company’s plans following the investment: “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.”
Binance says that the $2trillion investment solidifies its position at the forefront of the crypto revolution while underscoring MGX’s commitment to enabling AI-powered blockchain solutions, decentralised finance, and the tokenised digital economy.
Ahmed Yahia, managing director and CEO of 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 tokenisation to staking and payments.”
