We must not overlook this major news amidst all the noise.

Abu Dhabi’s AI-focused fund MGX has announced a $2 billion investment in Binance, the world’s largest crypto exchange. This is one of the biggest investments in the sector and Binance’s first institutional investment. The payment will be made in stablecoins, but the specific stablecoin has not yet been disclosed.

Abu Dhabi’s Crypto and AI Move?

I believe so. MGX previously launched a $30 billion AI fund in partnership with BlackRock and Microsoft. Now, it is investing in Binance with the goal of merging blockchain and AI technologies. This signals that Abu Dhabi is positioning itself as a major hub in the crypto industry.

What is MGX?

MGX is an Abu Dhabi-based investment firm focused on artificial intelligence (AI) and advanced technologies. Founded in 2024, MGX aims to support innovation and economic growth by investing in AI infrastructure, semiconductors, and core AI technologies.

According to a report by Financial Times, Abu Dhabi is emerging as a new crypto hub.

With new regulations, it is actively working to attract crypto companies to its ecosystem.

📌 Important Note: The information shared here does not constitute investment advice.