Abu Dhabi Sovereign Wealth Fund Invests $2 Billion in Binance

A cloth on my head, I am the richest in the world

Starting to venture into the crypto industry, kicking off with $2 billion⑤

Chinese billionaire Zhao Changpeng CZ posted on platform X:

Abu Dhabi Sovereign Wealth Fund MGX invests $2 billion in @Binance, acquiring a minority stake. This transaction will be conducted 100% in cryptocurrency (stablecoins), marking the largest cryptocurrency investment transaction to date.

On March 12, the world's largest cryptocurrency exchange Binance and Abu Dhabi's AI and advanced technology investor MGX announced a landmark $2 billion investment. This investment is the first institutional investment Binance has accepted so far, signifying an important step for Binance in promoting digital asset adoption and enhancing the role of blockchain in global finance. This is not only the largest single investment in a crypto company but also the largest investment in the crypto industry ever. #出金 #DubaiRealEstate#AbuDhabiRealEstate