The largest crypto exchange platform in the world per volume receives for $ 2 billion in investments from state-owned companies owned by Emiate Investment Firm aimed at technology and artificial intelligence (AI).
In a new thread on the social media platform X, Binance announcement That it will take on its first institutional investment – for a stunning $ 2 billion in Stablecoins of the MGX power fund, the largest investment in a crypto company ever.
“MGX, an Abu Dhabi Soovereign Wealth Fund, Invests $ 2 Billion in Binance for a Minority Stake. The transaction will be 100% in Crypto (Stablecoins), making it the largest investment transaction that has been carried out in Crypto so far. This is also the first institutional investment binance. Furthermore … construction! “
In a recent press release, Binance notes That the investment MGX’s first trip was in digital assets and that the company obtained a minority interest in the exchange “as part of a broader strategy to support the transformative impact of blockchain on society.”
The press release notes that Binance CEO Richard Teng was CEO of the Abu Dhabi Financial Services Authority and “played a key role in initiating one of the world’s first crypto -regulatory frameworks.”
In a message on the social media platform X, Binance co-founder Yi he said That Binance welcomes investments of sovereign power funds, but not financial investors.
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