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Home » Binance gains $2bn boost from MGX in record-breaking investment
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Binance gains $2bn boost from MGX in record-breaking investment

adminBy adminMarch 13, 2025No Comments2 Mins Read
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Binance gains $2bn boost from MGX in record-breaking investmentBinance gains $2bn boost from MGX in record-breaking investment

Binance, the world’s largest digital asset exchange, has secured a historic $2bn investment from Abu Dhabi-based AI and advanced technology investor MGX.

This deal represents the first institutional investment in Binance, the largest single investment ever made into a digital asset company, and the biggest transaction settled in digital asset (stablecoin).

The investment grants MGX a minority stake in Binance, marking its first foray into the digital asset and blockchain sectors. MGX aims to support blockchain’s transformative impact by partnering with Binance, a leader in the digital asset industry. The firm sees this as an opportunity to foster innovation at the intersection of AI, blockchain, and finance.

Binance has a strong presence in the UAE, a country known for its progressive approach to digital asset regulation. Around 1,000 of Binance’s 5,000 global employees are based in the UAE, reinforcing its commitment to the region.

MGX managing director & CEO Ahmed Yahia 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 [digital asset] 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 [digital asset] 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 [digital asset] industry. Our ongoing investments in security and compliance reinforce our mission to foster a secure and trusted digital financial ecosystem.”

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