MGX, the Abu Dhabi-based technology investment company backed by Mubadala and G42, announced a USD 2 billion investment in Binance in March 2025 for a minority stake in the world's largest cryptocurrency exchange by trading volume. The companies said the transaction is the largest single investment in a crypto company.
The entire USD 2 billion consideration is to be paid in stablecoin, which the companies said makes it the largest investment paid in crypto. Binance and MGX announced the transaction in a joint press release on 12 March 2025.
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The companies said that, by partnering with Binance, MGX aims to enable innovation at the intersection of AI, blockchain technology and finance.
ABOUT MGX
MGX was established to invest in advanced technology companies and sectors aligned with Abu Dhabi's ambitions for economic diversification beyond hydrocarbons. It is backed by Mubadala and G42, the Abu Dhabi artificial intelligence and cloud computing company.
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