Abu Dhabi Royal Sovereign Fund MGX invests $2 billion in Binance exchange!

The largest institutional investment in the crypto industry to date!

According to the official website of MGX, this Abu Dhabi investment institution was established in March 2024 and is affiliated with the Abu Dhabi Artificial Intelligence Council (AIATC), which was founded in January 2024, focusing on promoting Abu Dhabi's development in the fields of artificial intelligence and advanced technologies. The chairman of its board is Tahnoun bin Zayed Al Nahyan—a name that resonates in the business, political, and even global capital markets of the UAE.

MGX primarily invests in artificial intelligence, data technology, semiconductors, and advanced computing technologies, and this investment in Binance marks its official entry into the cryptocurrency and blockchain fields. In other words, this is not just a transaction, but a strategic bet by Abu Dhabi capital on the future of digital assets.

Abu Dhabi's number two figure Tahnoun

According to the official website of Abu Dhabi investment institution MGX, MGX board chairman Tahnoun bin Zayed Al Nahyan is the Deputy Ruler of Abu Dhabi and National Security Advisor, and the son of the UAE founder Zayed bin Sultan Al Nahyan.

Behind MGX's $2 billion is not just an emerging investment company, but more importantly, its actual helmsman—Tahnoun bin Zayed Al Nahyan. As a core member of the Abu Dhabi royal family, Tahnoun's identity is far more than just 'wealthy beyond measure.'

Tahnoun's official title is UAE National Security Advisor and Deputy Ruler of Abu Dhabi, but his influence in the UAE far exceeds that of a typical deputy. He not only oversees the UAE's intelligence and security affairs but also leads the country's economic lifeline—multiple sovereign wealth funds managing a total of up to $15 trillion in assets, making him a top player in the global capital markets.

If Abu Dhabi is the heart of the UAE, then Tahnoun is the mastermind controlling the heartbeat of this heart. His business empire spans multiple sectors, from artificial intelligence to finance, from sovereign wealth funds to cryptocurrencies, covering almost all cutting-edge industries globally.

Tahnoun's business empire: AI, finance, and cryptocurrency in a three-pronged approach.