Abu Dhabi’s MGX invests $2B in Binance, marking largest institutional stablecoin-backed crypto deal

Binance, the world’s largest crypto exchange, secured its first institutional investment with a $2 billion backing from Abu Dhabi-based investment giant MGX.

The deal, announced on March 12, marks the largest investment ever received by a crypto company and the most significant transaction conducted entirely in stablecoins.

Strategic growth

The investment grants MGX a minority stake in Binance, signaling its entry into the crypto sector as part of a broader push to merge AI with blockchain and financial technology.

Binance CEO Richard Teng called the investment a milestone for the company and the industry. He said:

“We are committed to building a more inclusive and sustainable financial ecosystem. With a focus on compliance, security, and innovation, this partnership will help drive long-term growth in the sector.”

With over 260 million registered users and a cumulative trading volume exceeding $1 trillion, Binance remains the dominant force in crypto trading. The UAE plays a key role in its global operations, with nearly 1,000 of Binance’s more than 5,000 employees based in the region.

MGX’s investment bolsters Binance’s market position and aligns with the UAE’s approach to digital asset regulation. The country has established itself as a leader in crypto oversight, providing a framework that fosters institutional participation.

AI, Blockchain, and Institutional Investment

For MGX, the move represents a strategic step into blockchain technology. The firm, known for investments in AI-driven infrastructure, semiconductors, and financial services, aims to accelerate adoption by supporting key players in the space.

MGX CEO Ahmed Yahia said:

“MGX’s investment in Binance highlights our belief in blockchain’s role in shaping the future of digital finance. Institutional adoption is gaining momentum, and the need for secure, scalable blockchain solutions is greater than ever.”

As institutional capital continues flowing into digital assets, the partnership highlights a growing recognition of blockchain’s role in global finance. MGX’s backing could encourage further institutional involvement, reinforcing Binance’s position as the leading gateway for cryptocurrency markets.

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