Binance had reached out to allies of Trump last year offering to strike a business deal with the family as part of a plan to return the exiled company to the U.S., according to the Journal's report. It is unclear what form the Trump family stake would take if the deal comes together or whether it would be contingent on a pardon, the report said.

It's the first institutional investment in the crypto exchange and the investment was made in stablecoin, Binance said.