MGX backs Binance in landmark $2 billion crypto investment

Binance, the world’s largest cryptocurrency exchange, and MGX, a UAE-based investment firm specializing in AI and advanced technologies, have announced a $2 billion stablecoin investment, marking the largest transaction of its kind in the crypto sector and Binance’s first institutional investment deal.

According to a statement sent to Nukta, this move is expected to accelerate digital asset adoption and reinforce blockchain’s role in shaping the future of global finance and technology.

This investment marks MGX’s first foray into blockchain and digital assets, as it acquires a minority stake in Binance. Through this partnership with a leading industry player, MGX aims to drive innovation in emerging technologies, including AI-powered blockchain solutions and tokenized economies.

Ahmed Yahia, Managing Director & CEO of MGX, stated:

MGX’s investment in Binance is a key milestone in blockchain’s evolution and its role in shaping the future of digital finance. As institutional adoption of crypto grows, the need for secure, scalable, and compliant infrastructure has never been greater. Binance has long been a driving force behind innovation in digital assets, from trading and tokenization to payments and storage. Together, we are committed to building a more inclusive and sustainable digital asset ecosystem.

Strengthening Binance’s UAE presence

Binance has been expanding its operations in the UAE, benefiting from its pro-innovation environment, clear regulatory framework, and growing crypto ecosystem. The company currently employs 1,000 staff members in the UAE—out of its 5,000 global workforce—demonstrating its commitment to the region.

Binance processes higher trading volumes than many of its competitors combined, with over 260 million registered users and a cumulative trading volume exceeding $100 trillion. This latest investment reinforces Binance’s global position and underscores MGX’s commitment to supporting the future of decentralized finance and AI-powered blockchain solutions.

Richard Teng, CEO of Binance, said:

This investment from MGX marks a pivotal moment for both Binance and the crypto industry. Together, we are reshaping the future of digital finance through cutting-edge innovations in crypto exchanges and blockchain sustainability. Our focus remains on compliance, security, and user protection, ensuring responsible and sustainable growth in the digital asset sector.