MGX, an advanced technology investment group based in Abu Dhabi, has announced a landmark $2 billion investment in Binance, one of the world's leading cryptocurrency exchanges. This marks the first institutional investment in the platform, representing a significant milestone in driving digital asset growth and reinforcing blockchain’s role in global finance. Additionally, it is the largest-ever investment in a crypto company and the biggest deal settled entirely in stablecoins.
This move marks MGX’s first venture into the crypto and blockchain space, as the group acquires a minority stake in Binance. It aligns with MGX’s broader strategy to support blockchain’s transformative potential in the digital economy. Through this partnership, MGX aims to foster technological innovation at the intersection of AI, blockchain, and finance.
The UAE is recognized as a pioneer in establishing clear and progressive regulations for digital assets, attracting top blockchain and crypto firms. MGX’s investment not only strengthens Binance’s market-leading position but also underscores its commitment to advancing blockchain-based AI solutions, decentralized finance (DeFi), and the tokenized digital economy.