Abu Dhabi’s MGX Invests $2 Billion in Binance
Abu Dhabi's MGX investment group has invested $2 billion into Binance, marking its first institutional backing in crypto. The investment, made in stablecoins, aligns with the UAE’s vision to become a global crypto hub.
MGX, known for its AI investments with BlackRock and Microsoft, sees blockchain-AI integration as the future. This move strengthens Binance’s credibility after its $4.3 billion settlement in 2023.
The UAE continues to attract blockchain innovation, positioning itself as a leader in digital finance.