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Binance has got the largest investment ever in the Chefir Company, where the MGX investor, based in Abu Dhabi, is 2 billion dollars in the largest exchange in the world.
On March 12 mail On X, Binance described the deal “first” ever “out of investment and the two companies said in A. Joint press release Which – which The price of the minority share will be paid in Stablecoins, making it the largest ever using encryption.
The original BNB TOKEN in Binance has increased by 4 % over the past 24 hours of trading at $ 577 from 2:20 am US EST, according to Coinmarketcap.
Binance Investment Part of MGX focus on artificial intelligence, Blockchain and financing
MGX Investment was launched last year, focusing on supporting the artificial intelligence intersection (AI) and Blockchain and financing.
MGX, the sovereign wealth fund in Abu Dhabi, invests $ 2 billion in Binance For minority share. The deal will be 100 % in Crypto (Stablecoins), which represents the largest investment transaction that is made in Crypto so far.
This is also the first institutional investment Binance He has …
– CZ 🔶 bnb (CZ_Binance) March 12, 2025
In September, the company made a partnership with Blackrock And Microsoft to launch a dedicated AI box hopes to collect up to $ 30 billion. MGX also invested in Openai and Elon Musk’s Xai.
CEO Ahmed Yahya said that investing in Binance is part of the MGX batch to enhance “Blockchain’s transformational capabilities for digital financing.”
The increasing Emirati fingerprint between Bennes
The investment comes from MGX after Binance Fze has obtained a virtual asset service provider (VASP) from the Dubai Virtual Assets Regulatory Authority (VARA).
The Binance Abu Dhabi Binance Company was also granted permission to provide custody services by the ABU DHABI.
Before assuming ChangPeng Zhao, also known as CZ, was the CEO of Binance Richard Teng had previously chaired the Financial Services Regulatory Authority in Abu Dhabi.
Binance said it has about 1,000 global workforce of 5,000 in the United Arab Emirates.
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