Secured $2 billion investment, Binance commits to the UAE

“The rumors regarding Binance seeking to sell” have come to a conclusion.

On March 12, 2025, Binance announced that it has secured a $2 billion (paid in stablecoins) investment from Abu Dhabi MGX, which acquired a minority stake in Binance. This transaction marks Binance's first institutional investment to date and is the largest single investment in a cryptocurrency company.

After years of deep engagement in the UAE, Binance has finally bound itself more closely to the UAE through this $2 billion investment.

MGX is a technology investment company established in March 2024 by the Abu Dhabi Artificial Intelligence and Advanced Technology Committee (AIATC), co-founded by the Abu Dhabi sovereign fund Mubadala and G42 Group, with funding primarily provided by the UAE government and some global partners. It plays an important role in the fields of artificial intelligence and advanced technology.

The chairman of MGX's board is Sheikh Tahnoun bin Zayed Al Nahyan. He is the son of the late founding father of the UAE, the younger brother of the current President of the UAE, and also serves as the Deputy Ruler of Abu Dhabi, as well as the UAE National Security Advisor.

According to official disclosures from Binance, there are currently 5,000 employees globally, with 1,000 in the UAE. It has extensive operations in the UAE. MGX's AI background seems to help Binance achieve cross-innovation in the fields of artificial intelligence and blockchain.

However, the more noteworthy significance of this investment is the background of the Abu Dhabi sovereign fund behind MGX. In other words, Binance now has the UAE as a sovereign nation acting as a protective umbrella. Before this investment was formally established, there were rumors that Binance would be acquired or invested in by U.S. funds like BlackRock. Seeking the “protection” of a sovereign nation has been something Binance has consistently pursued, whether in China or the U.S., where it has not previously received investment.