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Binance secures $2b investment from Abu Dhabi sovereign wealth fund MGX
Binance has scored a massive $2 billion investment from MGX, an Abu Dhabi-based sovereign wealth fund. The investment is Binance’s first institutional deal since Changpeng Zhao founded it in 2017. Binance, the world’s largest crypto exchange by trade volume, has secured a $2 billion investment from MGX, an Abu Dhabi-based sovereign wealth fund. Announced on […] The post Binance secures $2b investment from Abu Dhabi sovereign wealth fund MGX appeared first on CoinJournal.
- Binance has scored a massive $2 billion investment from MGX, an Abu Dhabi-based sovereign wealth fund.
- The investment is Binance’s first institutional deal since Changpeng Zhao founded it in 2017.
Binance, the world’s largest crypto exchange by trade volume, has secured a $2 billion investment from MGX, an Abu Dhabi-based sovereign wealth fund.
Announced on March 12, 2025, the deal sees MGX take a minority stake in Binance.
The investment is Abu Dhabi-based MGX’s single largest splash on a crypto company. It’s also the first institutional investment Binance has sealed since its founding in 2017.
What they said
In a comment, Binance chief executive officer Richard Teng said:
“This investment by MGX is a significant milestone for the crypto industry and for Binance. Together, we are shaping the future of digital finance. Our goal is to build a more inclusive and sustainable ecosystem, with a strong focus on compliance, security, and user protection. Binance remains committed to working with regulators worldwide to establish transparent, responsible, and forward-thinking policies for the crypto industry. Our ongoing investments in security and compliance reinforce our mission to foster a secure and trusted digital financial ecosystem.”
MGX’s investment in Binance comes a few weeks after the exchange’s founder and former CEO Changpeng Zhao said Binance was not for sale.
CZ however noted that the crypto behemoth was open to investment opportunities amid the quest for further growth. Zhao shared the latest development via X.
MGX, an Abu Dhabi sovereign wealth fund, invests $2 billion in @Binance for a minority stake. The transaction will be 100% in crypto (stablecoins), marking it the largest investment transaction done in crypto to date.
This is also the first institutional investment @Binance has…
— CZ
