MGX Supports Binance In Landmark Investment
New York – Abu Dhabi, March 12, 2025. Binance, the world’s largest cryptocurrency exchange, and MGX, an Abu Dhabi-based AI and advanced technology investor, have made a historic $2 billion investment.
This purchase, the first institutional investment in Binance to date, is a critical step towards increasing digital asset use and strengthening blockchain’s role in global finance. It is also the single greatest investment into a crypto firm, as well as the largest investment ever made in cryptocurrency (stablecoin).
This is MGX’s first investment in the cryptocurrency and blockchain sectors, with a minority ownership in Binance as part of a larger strategy to support blockchain’s revolutionary impact on society. By cooperating with the leading industry leader, MGX hopes to facilitate innovation at the convergence of AI and blockchain.
Binance has a significant presence in the UAE, a country noted for innovation, progressive cryptocurrency legislation, and transparency in digital asset frameworks. Binance now employs ~1,000 of its ~5,000 worldwide personnel in the UAE. Binance is the world’s most secure, licensed, and reputable cryptocurrency exchange, and it dominates the sector.
It has approximately 260 million registered users and a cumulative trading volume of more than $100 trillion, making it greater than the next several cryptocurrency exchanges combined. This investment strengthens Binance’s position at the vanguard of the cryptocurrency revolution, while also demonstrating MGX’s commitment to supporting AI-powered blockchain solutions, decentralised finance (DeFi), and the tokenised digital economy.
Ahmed Yahia, Managing Director & CEO of MGX, stated: “MGX’s investment in Binance demonstrates our commitment to promoting blockchain’s disruptive potential for digital finance. As institutional usage grows, the demand for secure, compliant, and scalable blockchain infrastructure and solutions has never been higher.
Binance has long been a pioneer in cryptocurrency innovation, spanning exchange technology and tokenisation to staking and payments. Together, we are dedicated to creating a more inclusive and resilient digital finance ecosystem.”
Binance CEO Richard Teng remarked, “MGX’s investment marks a big milestone for the crypto sector and Binance. Together, we are shaping the future of digital finance. Our goal is to create a more inclusive and sustainable environment that prioritises compliance, security, and user protection.
Binance remains dedicated to collaborating with regulators throughout the world to develop transparent, accountable, and forward-thinking policies for the cryptocurrency industry. Our continued investments in security and compliance support our objective to create a secure and trustworthy digital financial environment.
Richard Teng, the former CEO of the globally recognised Abu Dhabi Financial Services Authority, was important in establishing one of the world’s first crypto regulatory frameworks, making his leadership valuable to Binance’s regulatory approach.
About MGX.
MGX is a technology investment firm that aims to accelerate the development and acceptance of AI and advanced technologies through world-class collaborations in the UAE and around the world. MGX invests in industries where AI can provide value and economic effect at scale, such as semiconductors, infrastructure, software, tech-enabled services, life sciences, and physical AI.
About Binance
Binance is a major global blockchain ecosystem that powers the world’s largest cryptocurrency exchange by trading volume and registered users. Binance is trusted by over 260 million people in 100+ countries due to its industry-leading security, transparency, trading engine speed, investor protections, and unrivalled portfolio of digital asset products and offerings ranging from trading and finance to education, research, social good, payments, institutional services, and Web3 features
. Binance is dedicated to creating an inclusive crypto ecosystem that will improve financial independence and access for individuals all over the world, using cryptocurrency as the primary mechanism.More information to visit here cryptomantr