Crypto exchange MEXC has announced a $300 million ecosystem development fund aimed at supporting Web3 projects over the next five years.

The initiative, unveiled at Token2049 in Dubai, is designed to support early-stage blockchain technologies, public chains, wallets, and decentralized tools critical to shaping the future of crypto infrastructure, according to a press release shared with Cointelegraph.

Selection criteria for projects looking to participate in the initiative will be announced soon.

“We are committed to strategic investment, focusing not just on exciting ideas and talented developers, but on initiatives with clear long-term potential,” MEXC chief operating officer Tracy Jin said.

She added that the priority is to back projects capable of achieving AAA status within three to five years.

Related: Binance rolls out Fund Accounts for asset managers, bridging crypto-TradFi gap

MEXC fund to invest $60 million annually

Jin explained that the exchange aims to invest approximately $50 to $60 million annually, depending on the availability of suitable projects and partners and the company’s strategic focus at the time.

“We may accelerate the investment pace if a project aligns well with our current business priorities. Otherwise, we will proceed steadily according to the original plan.”

She added that MEXC is actively exploring early-stage projects focused on blockchain networks, decentralized finance (DeFi) infrastructure, and stablecoins. She said these areas are essential for advancing crypto adoption.

During a fireside chat at the Token2049 conference in Dubai on April 30, Jin emphasized that stablecoins are a key priority for MEXC due to their essential role in enabling stable pricing and trade across crypto markets.

In February 2025, MEXC invested $20 million in USDe, a DeFi-native synthetic dollar from Ethena Labs, alongside a $16 million direct investment in Ethena itself.

Related: Binance, KuCoin, MEXC report service issues due to AWS network interruption

Projects need to prove their worth

The exchange also clarified that its $300 million fund will not operate through open applications but will instead adopt a selective, invitation-only approach.

According to the company, the traditional “submit a form and get funded” model no longer works in 2025. “A project that can’t make itself known or find a way to present to MEXC’s investment team is unlikely to earn our attention,” Jin said.

MEXC is one of the largest crypto exchanges in terms of trading volume. Over the past 24 hours, it has ranked as the 7th largest cryptocurrency exchange by spot trading volume, processing over $3.2 billion in trades, according to data from CoinMarketCap.

Source: CoinMarketCap

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Abu Dhabi-based investment firm MGX will be tapping a US President Donald Trump-related stablecoin to settle its $2 billion investment into Binance, the world’s largest cryptocurrency exchange.

The World Liberty Financial USD (USD1) US dollar-pegged stablecoin was launched by the Trump-linked World Liberty Financial (WLFI) crypto platform in March 2025.

MGX will use the USD1 stablecoin for its $2 billion investment into Binance exchange, announced Eric Trump, the son of the US president and the executive vice president of the Trump Organization, during a panel discussion at Token 2049 Dubai.

Source: Cointelegraph

MGX announced its $2 billion stablecoin investment into Binance on March 12, marking the first institutional investment in the exchange and potentially the biggest funding deal in the entire Web3 industry.

At the time, Binance declined Cointelegraph’s request to disclose what stablecoin was used in the transaction.  

This marks the Abu Dhabi-based investment firm’s first venture into the cryptocurrency space.

Related: Trump turned crypto from ‘oppressed industry’ to ‘centerpiece’ of US strategy

MultiBank Group, the world’s largest financial derivatives institution based in Dubai, has signed a landmark $3 billion real-world asset (RWA) tokenization agreement with United Arab Emirates (UAE)-based real estate giant MAG and blockchain infrastructure provider Mavryk.

The deal represents the largest RWA tokenization initiative globally to date and highlights the upcoming launch of MultiBank’s native utility token, MBG, according to a press release shared with Cointelegraph.

The partnership will bring MAG’s ultra-luxury real estate projects — including The Ritz-Carlton Residences, Dubai, Creekside and the Keturah Reserve — onto the blockchain via MultiBank.io’s regulated RWA marketplace.

Once tokenized, these assets will be available to global investors and will generate daily yield for holders directly on the platform.

“$3B worth of MAG’s real estate will be tokenized as individual RWA tokens on MultiBank’s platform, each represented on the Mavryk blockchain, as the underlying layer-1 infrastructure,” Talal Moafaq Al Gaddah, senior executive vice chairman of MAG, told Cointelegraph.

Al Gaddah added that “$MBG token provides ecosystem utility, including trading discounts, early access to properties, and a deflationary buyback-and-burn model.”

Related: BlackRock, five others account for 88% of all tokenized treasury issuance

MultiBank tokenizes MAG real estate

MAG, one of the UAE’s most prominent developers, will contribute its premium real estate portfolio for tokenization.

Mavryk will handle blockchain issuance and DeFi integrations, while MultiBank Group will manage regulatory compliance, liquidity and governance, with the MBG token at the core of the system.

“Tokenized assets issued by MultiBank will have dual utility. Within the MultiBank Group, they can be used as collateral for derivatives, creating a seamless bridge between traditional finance and tokenized assets,” Al Gaddah said.

He said that these tokens are fully interoperable with the broader Mavryk DeFi ecosystem.

The tokenized treasuries market is rising. Source: RWA.xyz

MBG token adds platform utility

The MBG token will power staking, fee payments, VIP tiers and user rewards. It also features a buyback-and-burn mechanism tied to platform revenues, creating long-term value for both institutional and retail participants.

The platform aims to scale beyond the initial $3 billion to as much as $10 billion in tokenized assets.

“The goal is to tokenize high-value, income-generating real estate assets that have traditionally been difficult to access or trade.” 

The announcement comes amid renewed interest in RWA tokenization.

On April 30, BlackRock filed to create digital ledger technology shares from one of the firm’s money market funds, which will leverage blockchain technology to maintain a mirror record of share ownership for investors.

The DLT shares will track BlackRock’s BLF Treasury Trust Fund (TTTXX), which may only be purchased from BlackRock Advisors and The Bank of New York Mellon (BNY).

The money market fund holds over $150 million worth of assets, invested almost entirely in US Treasury bills and cash.

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