Binance secures $20 billion investment from Abu Dhabi Sovereign wealth fund MGX

Binance has won a $2 billion investment from MGX, an Abu Dhabi-based sovereign wealth fund.
The investment is Binance's first institutional agreement since its establishment in 2017 by Changpeng Zhao.

Binance, the world's largest crypto exchange, has secured a $2 billion investment from MGX, the Abu Dhabi-based sovereign wealth fund.

The agreement, announced on March 12, 2025, involves MGX taking the minority stake to Binance.

This investment is the largest and only splash in Abu Dhabi-based MGX's crypto company. It is also the first institutional investment that Binance has sealed off since its establishment in 2017.

What they said

In a comment, Binance CEO Richard Teng said:

“This investment in MGX is an important milestone for the crypto industry and Binance. Together, we are shaping the future of digital finance. Our goal is to create a more inclusive and sustainable ecosystem with a focus on compliance, security and user protection. Binance continues to work with regulators around the world to establish transparent, responsible, and advanced policies for the crypto industry. Continuing investment in security and compliance strengthens our mission to promote a secure and reliable digital financial ecosystem.”

MGX's investment in Binance comes just weeks after Changpeng Zhao, the exchange founder and former CEO, said Binance was not on sale.

However, CZ noted that the crypto giant is open to investment opportunities in the quest for further growth. Zhao shared the latest developments through X.

MGX, the sovereign wealth fund in Abu Dhabi, is investing in a $2 billion @Binance for minority stakes. This transaction is 100% in Cablecoins, marking the largest investment transaction ever made with Crypto.

This is also the first institutional investment @Binance has…

– CZBNB (@CZ_BINANCE) March 12, 2025

Commenting on the investment, Ahmed Yahia, managing director and CEO of MGX, said:

“MGX's investment in Binance reflects our commitment to increasing the likelihood of transforming digital finance in blockchain. As institutional adoption accelerated, the need for secure, compliant, scalable blockchain infrastructure and solutions has never been more than ever. Binance has been the driving force behind cryptocurrency innovation, from exchange technology and tokenization to staking and payment.”

Despite the regulatory hurdles that saw it pay $4.3 billion to settle with the US author in 2023, Binance continues to grow. Former CEO Zhao also resigned and ultimately had to face four months in prison.