Abu Dhabi-based artificial intelligence and advanced technology investor MGX has made a $2 billion investment in Binance. This investment not only marks Binance's first institutional investment but also stands out as one of the largest investments in the crypto sector.

MGX is a technology investment company established by Abu Dhabi with the aim of investing in the artificial intelligence and semiconductor sectors in 2024. The company aims to increase its assets under management to over $100 billion within the next few years.

We can see this agreement with Binance as part of MGX's strategy to support the potential of blockchain technology in digital finance. Binance has more than 260 million registered users and has a total trading volume of over $100 trillion.

This investment aims to strengthen the role of blockchain in the global financial world and increase the adoption of digital assets. Additionally, this move has facilitated MGX's entry into the cryptocurrency sector and supported AI-powered blockchain solutions.

MGX General Manager and CEO Ahmed Yahia explained the reason for the investment with the following statements:

👉He stated that this investment reflects the commitment to enhance blockchain's potential in the digital finance space.

👉He expressed that Binance's role in crypto innovation is remarkable and that they aim to create an inclusive and robust digital finance ecosystem together.

Regarding this investment, Binance CEO Richard Teng stated:

👉He mentioned that they aim to create an inclusive and sustainable ecosystem with a focus on security, compliance, and user protection, with the goal of shaping the future of digital finance.

👉He emphasized that Binance continues to work with global regulators to develop transparent and responsible policies and will maintain its investments for a secure digital finance ecosystem.