In a massive development, Binance has announced a historic $2 billion investment from the Abu Dhabi-based investment firm. This marks the single largest investment in a crypto company, and the sum was also notably paid in crypto.
Binance Announces $2 Billion Investment From MGX
In a blog post, Binance announced that it has received a landmark $2 billion investment from MGX, an Abu Dhabi-based AI and advanced technology investor. The top crypto exchange noted that this $2 billion investment is the largest investment into a crypto company.
It is also the largest investment an investor has made in crypto, a stablecoin, to be precise. Meanwhile, this is also the first institutional investment in the crypto exchange, which currently holds the reputation as the largest exchange by market share.
With this $2 billion investment, MGX has acquired a minority stake in the crypto exchange. Binance noted that this transaction marks a significant step in advancing digital asset adoption and reinforcing blockchain technology’s role in global finance.
This investment represents MGX’s entry into the blockchain and crypto world, as part of the firm’s strategy to support blockchain’s “transformative impact on society.” Binance stated that the firm aims to enable innovation at the intersection of AI, blockchain technology, and finance through its partnership with the leading player.
Richard Teng Comments On The Partnership
Binance CEO Richard Teng also commented on MGX’s $2 billion investment. He stated that the investment is a significant milestone for the crypto industry and the crypto exchange. Teng further remarked that they intend to shape the future of digital finance together with the goal of building a more inclusive and sustainable ecosystem, with a strong focus on compliance, security, and user protection.
He added,
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.”
Meanwhile, MGX’s Managing Director and 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 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.”
The post Binance Announces Historic $2 Billion Investment From Abu Dhabi’s MGX appeared first on CoinGape.
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