Historical institutional investment. Investment fund Mgxbased on Abu Dabi (or Abu Dhabi, in the United Arab Emirates)just announced and massive investment On the platform of the cryptocurrency exchange Binance. This funding, completely done stableIt is the first for the MGX in the cryptocurrency sector and is one of the largest institutional investment in the crypto group founded by ChangPeng Zhao.
- The MGX investment fund made a historical investment of $ 2 billion in stablecoins in the Binance Cryptocurrency Exchange.
- This is the first institutional investment in Binance, which means the main step for the cryptocurrency sector despite the tense global economic context.
Mgx is betting on binance for its first invasion of the cryptocurrency sector
This Wednesday 12 March 2025, Investment Company Mgx Abu Dhabi revealed his investment as 2 billion dollars IN BinanceThe largest cryptocurrency exchange platform in the world.
This investment, funded exclusively from stablecoinsIt is the first of its kind for MGX, which usually focuses on developing technologies such as data centers, green energy and artificial intelligence (AI). It is also for Binance The first institutional investment Since its creation eight years ago (in 2017).
“MGX’s investment in Binance reflects our commitment to advance in the potential of transformation of blockchain technology for digital finance. While institutional adoption (cryptocurrency) is accelerating, the need for infrastructure and a safe, compatible and scalable blockchain solution has never been so great. (…) (With binance) we are determined to build a more inclusive and robust digital financing ecosystem. »»
Ahmed Yahia, CEO and CEO of MGX
An institutional investment in a crypto
MGX investment in Binance is part of a wider trendmassive investment from institutional in the industry Bitcoin (BTC) and cryptocurrencies.
Richard Teng, CEO of Binance Since November 2023 he supported the fact that we are witnessing here Greater unique investment Never produced in a crypto.
“This MGX investment is the main step for the Kryptos and Binance sector. Together we feel the future of digital financing. (…) Binance remains determined to cooperate with regulatory bodies around the world to introduce transparent, responsible and avant -garde policies for crypto industries. (…) ”
Richard Teng, CEO of Binance
Despite a difficult macroeconomic environmentmarked Tension of trade war around customs tariffsAs well as concerns about recession, investment in bitcoin and crypto-active sector to continue to grow. MGX investment in binance can be a sign of that Institutional investors Now look at the asset sector and their technology as A basic part of the digital economy tomorrow and that they are ready to bet (very) large above.