New York - Abu Dhabi, March 12, 2025 - Binance, the world's largest cryptocurrency exchange, and MGX, an artificial intelligence and advanced technology investor based in Abu Dhabi, announced a landmark $2 billion investment. This investment is the first institutional investment Binance has accepted to date, marking an important step for Binance in promoting 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 showcases MGX's initial entry into the cryptocurrency and blockchain space by acquiring a small stake in Binance as part of its broader strategy to support the transformative impact of blockchain on society. By partnering with industry leaders, MGX aims to drive innovative convergence of artificial intelligence, blockchain technology, and finance.
Binance has significant influence in the UAE. This country is known for its innovative, advanced cryptocurrency regulation and clear digital asset framework. Today, about 1,000 of Binance's more than 5,000 global employees are based in the UAE. As the world's most secure, licensed, and trusted cryptocurrency exchange, Binance leads the industry with trading volumes surpassing the total of several following cryptocurrency exchanges. Binance has over 260 million registered users worldwide and a cumulative trading volume exceeding $1 trillion. This investment solidifies Binance's position at the forefront of the crypto revolution while also emphasizing MGX's commitment to driving AI-powered blockchain solutions, decentralized finance (DeFi), and a tokenized digital economy.
Ahmed Yahia, Managing Director and CEO of MGX, stated: "MGX's investment in Binance reflects our commitment to driving the transformative potential of blockchain in digital finance. With the acceleration of institutional adoption, the demand for secure, compliant, and scalable blockchain infrastructure and solutions has reached unprecedented heights. Binance has long been a driver of innovation in cryptocurrency, including technologies for exchanges, tokenization of staking, and payments. We are jointly committed to building a more inclusive and robust digital finance ecosystem."
Binance CEO Richard Teng added: "This investment from MGX is a significant milestone for the crypto industry and Binance. We are jointly shaping the future of digital finance. Our goal is to establish a more inclusive and sustainable ecosystem, focusing on compliance, security, and user protection. Binance is always dedicated to collaborating with global regulators to help develop transparent, responsible, and forward-looking policies for the crypto industry. Our ongoing investments in security and compliance also reinforce our mission to foster a secure and trustworthy digital finance ecosystem."
Richard Teng previously served as the CEO of the globally renowned Abu Dhabi Financial Services Regulatory Authority, playing a key role in launching one of the world's first cryptocurrency regulatory frameworks, making him crucial 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 by establishing world-leading partnerships in the United Arab Emirates and globally. MGX invests in areas where AI can deliver value and economic impact at scale, including semiconductors, infrastructure, software, technology-enabled services, life sciences, and physical AI.
About Binance
Binance is the world's leading blockchain ecosystem and the largest cryptocurrency exchange by trading volume and registered users. Binance is trusted by over 260 million people across more than 100 countries due to its industry-leading security, transparency, trading engine speed, investor protection, and unparalleled range of digital asset products and services, spanning trading and finance to education, research, social good, payments, institutional services, and Web3 capabilities. Binance is committed to building an inclusive crypto ecosystem to enhance monetary freedom and financial opportunities for people worldwide through cryptocurrency. For more information, please visit the official website https://www.binance.com.
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