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Abu Dhabi-backed MGX has invested USD 2 billion in Binance, becoming a minority shareholder through a stablecoin deal. This marks MGX's first venture into blockchain, aligning with the UAE's strategy to establish itself as a digital asset hub and support the transformative potential of blockchain in global finance.
Myne, a fintech platform founded by Karim Chouman, addresses the challenges of managing scattered wealth through seamless integration and real-time insights. With features like automated tracking, estate planning, and multi-currency support, it aims to enhance financial well-being while ensuring user data security through strict protocols. The company plans to utilize $2 million in pre-seed funding to expand in the UAE and Saudi Arabia, focusing on user acquisition through digital marketing and strategic partnerships.
Myne, a fintech platform founded by Karim Chouman, addresses the challenges of managing scattered wealth through seamless integration and real-time insights. With features like automated tracking, estate planning, and multi-currency support, it aims to enhance financial well-being while ensuring user data security through strict protocols. The company plans to utilize $2 million in pre-seed funding to expand in the UAE and Saudi Arabia, focusing on user acquisition through digital marketing and strategic partnerships.
Tokenisation is revolutionizing finance by converting real-world assets into digital tokens on blockchain platforms, enhancing liquidity and accessibility. Notable examples include BlackRock’s USD Institutional Digital Liquidity Fund, which raised $245 million in its first week on Ethereum, and Dubai’s DAMAC Group, which is partnering with MANTRA to tokenise assets worth over $1 billion, aiming to streamline transactions and broaden investor access.
Ripple has secured a license from the Dubai Financial Services Authority (DFSA) to offer regulated crypto payments in the Dubai International Financial Centre (DIFC), marking its first license in the Middle East. This approval allows UAE businesses to utilize Ripple’s blockchain-based payment system, reflecting the region's growing demand for efficient cross-border solutions. CEO Brad Garlinghouse emphasized the UAE's supportive environment for tech and crypto innovation, which positions it well for future growth.
Ripple has secured a license from the Dubai Financial Services Authority (DFSA) to offer regulated crypto payments in the Dubai International Financial Centre (DIFC), marking its first license in the Middle East. This approval allows UAE businesses to utilize Ripple's blockchain-based payment system, reflecting the region's growing demand for efficient cross-border solutions. Ripple's CEO highlighted the UAE's supportive environment for tech and crypto innovation, while the company anticipates increased stablecoin adoption driven by the need for real-time settlement.
Rania Nerhal, Mashreq’s Chief Client Experience & Conduct Officer, has been recognized as one of Finance Middle East’s Top 26 most influential women in finance for 2025. With over 25 years of experience, she has significantly enhanced client experiences and ethical business conduct, leading to a notable rise in the bank's Net Promoter Score.Her strategic vision focuses on leveraging digitization, AI, and operational efficiency to deliver superior customer interactions, while also driving digital transformation to meet evolving customer expectations. Under her leadership, Mashreq has strengthened customer loyalty and expanded its market presence, contributing to financial inclusion efforts.
Binance has secured a landmark $2 billion investment from MGX, marking the first institutional investment in the cryptocurrency exchange and the largest ever in a crypto company, paid entirely in stablecoin. This partnership aims to enhance digital asset adoption and drive innovation at the intersection of AI and blockchain technology. MGX's Managing Director emphasized the growing need for secure and compliant blockchain solutions, while Binance's CEO highlighted their commitment to building a sustainable and trusted digital financial ecosystem.
Binance has secured a landmark $2 billion investment from MGX, marking the first institutional deal for the cryptocurrency exchange and the largest investment in a crypto company to date. This transaction, conducted entirely in stablecoin, allows MGX to acquire a minority stake in Binance, aiming to enhance innovation at the intersection of AI, blockchain, and finance. Both companies emphasize the importance of secure and compliant blockchain infrastructure as institutional adoption accelerates.
Emirates NBD has launched a mandatory cash offer to acquire the remaining 0.11% stake in Emirates Islamic Bank for approximately Dh69.8 million, aiming for full ownership. Following the acquisition, EIB will be delisted from the Dubai Financial Market, while maintaining its commercial registration and operations. The deal, subject to regulatory approvals, is expected to close by March 27, 2025, and reflects Emirates NBD's strategy to enhance its Islamic banking services.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
abu dhabi mgx invests two billion dollars in binance to enter blockchain
10:19 13.03.2025
myne revolutionizes wealth management with innovative fintech solutions and user-centric design
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myne revolutionizes wealth management with innovative fintech solutions and user-centric design
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tokenisation revolutionises finance and real estate through digital asset transformation
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Ripple gains DFSA license to enhance crypto payments in Dubai financial hub
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Ripple gains DFSA license to enhance crypto payments in Dubai financial hub
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Rania Nerhal recognized as a leading figure in finance for 2025
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08:35 13.03.2025
Binance secures historic two billion dollar investment from MGX in crypto deal
08:18 13.03.2025
Binance secures two billion dollar investment from MGX in historic deal
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emirates nbd to fully acquire and delist emirates islamic bank
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08:10 13.03.2025
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