Analysis

Binance Receives $2,000,000,000 Investment From Abu Dhabi Investment Firm MGX

Published

6 months ago

March 12, 2025

The most important crypto change platform on the earth per quantity receives for $ 2 billion in investments from state-owned firms owned by Emiate Funding Agency geared toward expertise and synthetic intelligence (AI).

In a brand new thread on the social media platform X, Binance announcement That it’s going to tackle its first institutional funding – for a surprising $ 2 billion in Stablecoins of the MGX energy fund, the biggest funding in a crypto firm ever.

“MGX, an Abu Dhabi Sovereign Wealth Fund, invests $ 2 billion in Binance for a minority curiosity. The transaction will probably be 100% in Crypto (Stablecoins), making it the biggest funding transaction that has been carried out in Crypto thus far. That is additionally the primary institutional funding binance. Moreover … building! “

In a current press launch, Binance notes That the funding MGX’s first journey was in digital belongings and that the corporate obtained a minority curiosity within the change “as a part of a broader technique to assist the transformative impression of blockchain on society.”

The press launch notes that Binance CEO Richard Teng was CEO of the Abu Dhabi Monetary Companies Authority and “performed a key position in initiating one of many world’s first crypto -regulatory frameworks.”

In a message on the social media platform X, Binance co-founder Yi he said That Binance welcomes investments of sovereign energy funds, however not monetary buyers.

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