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Cryptocurrency News Articles

MultiBank Group Partners with MAG and Mavryk to Tokenize $3 Billion of Real Estate Assets

May 14, 2025 at 01:24 pm

Jakarta, Pintu News – MultiBank Group, the world’s largest financial derivatives institution, has announced a strategic partnership with MAG, a leading real estate developer in the United Arab Emirates, and Mavryk, a blockchain innovator. The partnership will see $3 billion in real estate assets tokenized, making it the world’s largest real asset tokenization (RWA) initiative to date. The initiative will also mark the launch of $MBG, a utility token at the core of MultiBank’s next-generation digital finance ecosystem.

MultiBank Group is integrating MAG’s premium real estate developments, such as The Ritz-Carlton Residences, Dubai, Creekside which is part of Keturah Resort, and Keturah Reserve, onto the blockchain. This will allow these assets to be accessed by global investors through the fully regulated RWA marketplace on MultiBank.io. Once launched, holders of RWA assets will be able to earn proceeds distributed daily on the MultiBank.io platform.

The $MBG token will support access, staking, fee payments, and platform engagement, making it the infrastructure layer behind an institutional-scale digital asset offering. MAG will provide premium real estate inventory for tokenization, while Mavryk will provide blockchain infrastructure to support on-chain asset issuance and DeFi integration.

“This is not just about a real estate deal, it’s a key use case for the $MBG token,” said Zak Taher, Founder and CEO of MultiBank.io. “By enabling seamless access to $3 billion worth of tokenized properties, MultiBank is becoming the bridge between regulated finance and next-generation investment infrastructure. This is how MultiBank realizes Web3.”

“At MAG, we are driven by excellence and a passion for shaping the future property landscape,” added Talal Al Gaddah, Senior Executive Vice Chairman of MAG. “Our cooperation with MultiBank Group marks an important milestone as we expand access to our high-value developments and unlock liquidity through blockchain, maintaining our high standards of transparency and structuring everything around the best interest of the token holders and the ecosystem.”

With a buyback-and-burn model tied to platform revenue and staking rewards designed to encourage long-term engagement, MultiBank Group provides real value to retail and institutional users. From discounted fees and VIP tiers to launchpad access and exposure to real assets, the $MBG token is designed to reward participation and drive ecosystem demand.

The initial $3 billion tokenization is only the beginning. The platform is built to scale up to $10 billion in assets, setting the stage for a new era of programmable ownership and compliant digital investing, with $MBG as its foundation.

Original source:co

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