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Binance obtained the largest investment ever in a crypto company, with IA MGX investor based in Abu Dhabi, making $ 2 billion in the world’s largest exchange.
In a March 12 job On X, Binance described the agreement as “very first” external investment and the two companies declared in a Joint press release that The minority participation would be paid in stablecoins, which makes it the largest ever made using the crypto.
The native bnb token of Binance has jumped 4% in the last 24 hours to exchange $ 577 to 2 h 20 hne, according to Coinmarketcap.
Binance Investissement Part of MGX on AI, Blockchain and Finance
The investment company MGX was launched last year, emphasizing the support of the intersection of artificial intelligence (AI), blockchain and finance.
MGX, a sovereign heritage fund of Abu Dhabi, invests $ 2 billion @Binance For a minority stake. The transaction will be 100% in crypto (Stablecoins), which marks it the largest investment transaction made in Crypto to date.
It is also the first institutional investment @Binance has…
– CZ 🔶 BNB (@cz_binance) March 12, 2025
In September, the company joined forces with Blackrock And Microsoft to launch a dedicated AI fund which hopes to collect up to $ 30 billion. MGX also invested in the XAI of Openai and Elon Musk.
The investment in Binance is part of MGX’s push to advance the “potential transformer of blockchain for digital finance,” said CEO Ahmed Yahia.
Binance’s growing water imprint
MGX’s investment comes after the Binance Dubai subsidiary, Binance Fze, obtained a license from virtual active service provider (VASP) of the Virtual Assets Reguulatory Authority (Vara) in Dubai.
The subsidiary of Abu Dhabi de Binance has also obtained authorization to provide childcare services from ABU Dhabi Financial Servulatory Authority.
Before succeeding Changpeng Zhao, Aka Cz, the CEO of Binance, Richard Teng, had previously directed the Abu Dhabi Financial Servulatory Authority.
Binance said they had around 1,000 of its 5,000 world -based employees.
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