This marks MGX's first investment into a crypto and blockchain firm, with MGX also acquiring a minority stake in Binance
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MK Manoylov
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Binance
MGX
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Binance secures $2 billion investment from Abu Dhabi’s MGX in landmark crypto deal
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MGX, an Abu Dhabi-based sovereign wealth fund investing in AI and blockchain, entered crypto with a $2 billion Binance investment, marking growing institutional confidence in blockchain. MGX plans to use this partnership to advance AI and blockchain adoption.
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