Binance, one of the world's largest crypto exchange, has received a $2 billion investment from MGX, an Abu Dhabi-based AI and advanced technology investor. 

The investment represents the single largest injection of funds into a crypto company to date and is the first time Binance has accepted institutional investment. According to the press release shared with The Byteline, the entire $2 billion was paid in stablecoins, making it the largest crypto-based investment ever made.

MGX, a relatively new player in the investment landscape, was established by the Abu Dhabi government in 2024 to focus on AI-driven technologies. This move into the cryptocurrency sector marks MGX's first foray into blockchain and digital assets, securing a minority stake in Binance.

The deal underscores the growing intersection of artificial intelligence, blockchain technology, and finance. Ahmed Yahia, MGX's CEO, emphasized the increasing need for secure and scalable blockchain infrastructure as institutional adoption of cryptocurrencies accelerates.

“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, which boasts over 260 million registered users and a daily trading volume exceeding $20 billion, has a significant presence in the UAE. The company employs approximately 1,000 of its 5,000 global workers in the country, highlighting the UAE's growing importance as a crypto hub.

Richard Teng, Binance's CEO and former head of the Abu Dhabi Financial Services Regulatory Authority, stated that the investment would help shape the future of digital finance. Teng emphasized, “Our goal is to build a more inclusive and sustainable ecosystem, with a strong focus on compliance, security, and user protection.” 

“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.”