⚡ Abu Dhabi sovereign wealth fund MGX acquires minority stake in Binance for 2 billion! From now on, the chief and I have become joint investors! I firmly hold BNB for a long time! This is Binance's first institutional investment and the largest single investment in a cryptocurrency company! Key information—— 1. Invest in stablecoins for payment 2. MGX's first entry into the field of encryption and blockchain marks the recognition of traditional capital towards the crypto industry, and more traditional funds will enter the crypto industry in the future 3. MGX will acquire a minority stake in Binance, and both parties will work together to promote the global application of blockchain technology. Regarding Sovereign Funds—— Sovereign Wealth Funds Sovereign wealth fund， SWF, commonly known as sovereign funds, refers to financial assets or funds established and owned by some sovereign governments for long-term investment, mainly derived from national fiscal surplus, foreign exchange reserves, natural resource export surplus, etc., generally managed by specialized government investment institutions About MGX—— MGX Fund Management Limited is a state-owned artificial intelligence technology investment company in the United Arab Emirates. Founded on January 22, 2024, MGX is positioned as a technology investment company with the goal of managing $100 billion in assets, focusing on accelerating the development and global application of AI and advanced technologies. Regarding the Chairman of MGX—— Tahnoon bin Zayed, Chairman of MGX, is the Deputy Chief and National Security Advisor of the United Arab Emirates. He is also the son of Sheikh Zayed Bin Sultan Al Nahyan, the first President of the United Arab Emirates, and the younger brother of current President Mohamed Bin Zayed Al Nahyan. At the age of 56, he controls two sovereign wealth funds and oversees over $1.5 trillion in state-owned assets and private funds. MGX is a thoroughly UAE sovereign investment institution, backed by one of the wealthiest families in the Middle East and even the entire planet. With the completion of this financing, Binance's compliance process in the Middle East market will open a new chapter. The long-term value of compliance is gradually emerging, and more traditional capital will enter the crypto industry! keepbuilding binance @heyibinance @sisibinance