ABU Dhabi Fund, MGX, Binance and USD1 investor of Trump, takes participation in Tiktok us

By Hannah Pérez

MGX, Abu Dhabi Royal Family Fund, will acquire a participation in the American Tiktok business after Trump signed an executive order negotiating an agreement for USD $ 14,000 million. MGX also bought USD1 from World Liberty Financial, which he used for a millionaire investment in Binance.

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• MGX, Abu Dhabi’s royal family fund, will acquire a participation in the American Tiktok business.
• Trump signed an executive order negotiating an agreement for USD $ 14,000 million for the social app.
• MGX previously bought USD1 from World Liberty Financial, which he used for a millionaire investment in Binance.

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The investment fund Mgxbacked by the Royal Family of Abu Dhabi and known for its millionaire investment in Binance using the Stablecoin USD1 linked to Donald Trump, has acquired a significant participation in the US business of Tiktok.

This move consolidates the expansion of Mgx In the technological and social networks sector, in the midst of an agreement promoted by President Trump to maintain the operational app in the United States.

Mgxchaired by Sheikh Tahnoon Bin Zayed al Nahyan, will take 15% of Tiktok usvalued at approximately USD $ 14,000 millionas reported COINDESK on Friday. Along with Oraclethe two entities will control about 45% of the American unit, while local investors will ensure a majority of 65% for US companies.

The agreement, which leaves Bytedance (The Chinese matrix of Tiktok) With a 19.9% ​​participation, seeks to relieve national security concerns in Washington.

The Guardian confirmed Friday that Mgx will get a seat in the Board of Directors of Tiktok us. President Trump signed an executive order on Thursday to support the treatment, negotiating an agreement that values ​​the social networks by $ 14 billion and extending a period of 120 days to end it.

“This will be operated by Americans at 100%“Trump saidhighlighting the participation of investors such as Larry Ellison de Oracle, Silver Lake and others like Michael Dell and Fox of Rupert Murdoch.

CNBCciting anonymous sources, reported Thursday that Oracle, Silver Lake and Mgx They will be the main investors, collectively controlling 45% of Tiktok us. The agreement arises after months of uncertainty, after Congress approved in April a law that forced Bytedance to sell the American operation or face a closure.

MGX: Your crypto investments and trump

This investment in Tiktok It arrives months after Mgx Broken the world of cryptocurrencies. In May, the fund bought 2,000 million dollars in USD1, the Stablecoin launched by World Liberty Financial (WLF), a project backed by the Trump family.

As reported, Mgx used these funds to acquire participation in Binancethe largest exchange of cryptocurrencies in the world, marking the greatest individual investment in a crypto company to date and making it the main headline of USD1.

The link with WLF, founded by Trump’s children and allies such as Steve Witkoff (Trump’s special envoy for peace missions), has generated ethical scrutiny. Previous media reports such as New York Times and Bloomberg They have revealed how Witkoff, while negotiating diplomatic agreements in East Middle Stablecoin After luxury yacht meetings with Sheikh Tahnoon. This coincides with decisions of the White House, such as the sale of AI chips to the Arab Emirates united by hundreds of billions, erasing lines between diplomacy and personal gains.

Critics, including senators such as Elizabeth Warren, have demanded transparency on possible conflicts of interest, arguing that these Trump deals could violate ethical standards. The White House defends that there are no irregularities, but the scandal persists in a mandate where Trump has promoted cryptocurrencies as the axis of its economic policy.

The use of USD1 by Mgx, –Created in 2024 to invest in AI and Technology–in millionaire investment in Binanceindicates his commitment to digital assets. While, Tiktok us continues to operate under scrutiny, with Bytedance retaining limited influence.

The agreement is expected to Tik tok It is closed in the coming months, pending Chinese approval, which President Trump claims to have obtained after conversations with his Chinese counterpart, Xi Jinping.

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Article written with the help of AI, edited by Diariobitcoin

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