Pulse logo
Pulse Region

MGX backs Binance in landmark $2B investment

MGX backs Binance in landmark $2B investment
MGX backs Binance in landmark $2B investment

#Featuredpost

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.” 

Binance CEO, Richard Teng, 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.

About MGX 

MGX is a technology investment company focused on accelerating the development and  adoption of AI and advanced technologies through world-leading partnerships in the United Arab  Emirates and globally. MGX invests in sectors where AI can deliver value and economic impact at  scale, including semiconductors, infrastructure, software, tech-enabled services, life sciences,  and physical AI.

About Binance 

Binance is a leading global blockchain ecosystem behind the world’s largest cryptocurrency  exchange by trading volume and registered users. Binance is trusted by more than 260 million  people in 100+ countries for its industry-leading security, transparency, trading engine speed,  protections for investors, and unmatched portfolio of digital asset products and offerings from  trading and finance to education, research, social good, payments, institutional services, and  Web3 features. Binance is devoted to building an inclusive crypto ecosystem to increase the  freedom of money and financial access for people around the world with crypto as the  fundamental means. For more information, visit: 

https://www.binance.com.  

#Featuredpost

Subscribe to receive daily news updates.

Next Article