Binance secures $2b investment from Abu Dhabi sovereign wealth fund MGX
-
Binance
has
scored
a
massive
$2
billion
investment
from
MGX,
an
Abu
Dhabi-based
sovereign
wealth
fund. -
The
investment
is
Binance’s
first
institutional
deal
since
Changpeng
Zhao
founded
it
in
2017.
Binance,
the
world’s
largest
crypto
exchange
by
trade
volume,
has
secured
a
$2
billion
investment
from
MGX,
an
Abu
Dhabi-based
sovereign
wealth
fund.
Announced
on
March
12,
2025,
the
deal
sees
MGX
take
a
minority
stake
in
Binance.
The
investment
is
Abu
Dhabi-based
MGX’s
single
largest
splash
on
a
crypto
company.
It’s
also
the
first
institutional
investment
Binance
has
sealed
since
its
founding
in
2017.
What
they
said
In
a
comment,
Binance
chief
executive
officer
Richard
Teng
said:
“This
investment
by
MGX
is
a
significant
milestone
for
the
crypto
industry
and
for
Binance.
Together,
we
are
shaping
the
future
of
digital
finance.
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.”
MGX’s
investment
in
Binance
comes
a
few
weeks
after
the
exchange’s
founder
and
former
CEO
Changpeng
Zhao
said
Binance
was
not
for
sale.
CZ
however
noted
that
the
crypto
behemoth
was
open
to
investment
opportunities
amid
the
quest
for
further
growth.
Zhao
shared
the
latest
development
via
X.
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
Commenting
on
the
investment,
MGX’s
managing
director
and
CEO
Ahmed
Yahia,
stated:
“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.”
Binance
has
continued
to
grow
despite
the
regulatory
hurdles
that
saw
it
pay
$4.3
billion
to
settle
with
US
authories
in
2023.
The
former
CEO
Zhao
also
had
to
step
down,
eventually
serving
a
four-month
prison
sentence.
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