Binance has secured its first-ever institutional investment with a groundbreaking $2 billion infusion from MGX, an Abu Dhabi-based investor specializing in AI and advanced technologies. This marks the largest institutional funding in crypto history, fully paid in stablecoins, and announced on March 12, 2025.
MGX’s investment gives it a minority stake in Binance, solidifying the ties between crypto and institutional investors.
Through this investment, MGX is poised to play a pivotal role in advancing digital asset adoption and blockchain technology excellence in global financial operations. The partnership also allows MGX to integrate its long-term goals of AI applications within the blockchain technology and financial systems, thereby advancing innovation.
Binance CEO Richard Teng stated that the financial support from MGX marked a major achievement for both organizations and the growing cryptocurrency market. According to him, starting a digital finance ecosystem focused on compliance, security, and user protection is the goal of this collaboration. Teng also stated that Binance will collaborate with global regulators to create clear, transparent regulations for cryptocurrency operations.
Binance dominates the cryptocurrency market, boasting a user base of over 260 million and a cumulative trading volume exceeding $100 trillion. The exchange has a significant presence in the UAE, where 20% of its 5,000 employees are based. The region’s progressive cryptocurrency regulations create an ideal environment for Binance to expand its operations.
MGX CEO Ahmed Yahia highlighted the company’s focus on leveraging the $2 billion investment to drive technical innovations that promote societal evolution. Yahia underscored that the company recognizes the potential future changes the digital financial industry offers and anticipates that Binance is ideally positioned to meet market demand for secure blockchain solutions.
MGX’s strategic entry offers significant expansion for both corporations. Through this partnership, MGX aims to facilitate the progress of DeFi and build the tokenized digital economy. This move underscores Binance’s commitment to advancing artificial intelligence-powered blockchain solutions across various business segments, particularly finance and infrastructure.
