Abu Dhabi continues to strengthen its position in the fields of technology and finance. The region's growing activity is garnering significant attention from global leaders.
Abu Dhabi and Technology
Binance founder Changpeng Zhao recently noted that Abu Dhabi has become one of the leading global centers for artificial intelligence and blockchain, which attracts considerable attention.
Investments in Blockchain
According to recent data, Abu Dhabi's sovereign wealth fund, Mubadala, disclosed a $408.5 million stake in the iShares Bitcoin Trust (IBIT). As of the end of Q1 2025, the fund held over 8.7 million shares, indicating a growing interest in digital assets.
Binance's Development in the Region
Two months ago, the state-owned investment firm MGX invested $2 billion in Binance, marking the largest deal in the cryptocurrency space paid with stablecoins. Binance has also expanded its presence in Abu Dhabi, where 1,000 of its 5,000 employees now work in the region.
Thus, Changpeng Zhao's comments on the growing importance of Abu Dhabi are linked to the active support of technology and cryptocurrency, highlighting the region's strategic direction.
