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Binance has secured the biggest ever investment in a crypto company, with Abu Dhabi-based AI investor MGX pumping $2 billion into the world’s largest exchange.
In a March 12 post on X, Binance called the deal its “first-ever” outside investment and the two firms said in a joint press release that the minority stake would be paid for in stablecoins, making it the largest ever made using crypto.
Binance’s native BNB token has surged 4% in the past 24 hours to trade at $577 as of 2:20 a.m. EST, according to CoinMarketCap.
Binance Investment Part Of MGX’s Focus On AI, Blockchain And Finance
The MGX investment firm was launched last year, with a focus on supporting the intersection of artificial intelligence (AI), blockchain and finance.
MGX, an Abu Dhabi sovereign wealth fund, invests $2 billion in @Binance for a minority stake. The transaction will be 100% in crypto (stablecoins), marking it the largest investment transaction done in crypto to date.
This is also the first institutional investment @Binance has…
— CZ
BNB (@cz_binance) March 12, 2025
In September, the firm partnered with BlackRock and Microsoft to launch a dedicated AI fund that hopes to raise up to $30 billion. MGX has also invested in OpenAI and Elon Musk’s xAI.
The investment in Binance is part of MGX’s push to advance “blockchain’s transformative potential for digital finance,” said CEO Ahmed Yahia.
Binance’s Growing UAE Footprint
The investment from MGX comes after Binance’s Dubai subsidiary, Binance FZE, obtained a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA).
Binance’s Abu Dhabi subsidiary was also granted permission to provide custody services by the Abu Dhabi Financial Services Regulatory Authority.
Before taking over from Changpeng Zhao, aka CZ, Binance CEO Richard Teng had previously headed the Abu Dhabi Financial Services Regulatory Authority.
Binance said it has about 1,000 of its 5,000 global workforce based in the UAE.
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