Dubai-based MultiBank Group, the world's largest financial derivatives institution, has signed a $3 billion tokenization agreement with UAE real estate giant MAG and blockchain infrastructure provider Mavryk.
Under the agreement, MAG's ultra-luxury real estate projects, including The Ritz-Carlton Apartments Dubai, Creekside and Keturah Reserve, will be tokenized on blockchain through MultiBank.io regulated RWA marketplace. The tokenized assets will be open to global investors and will generate daily earnings for holders directly on the platform.
In this partnership, MAG will provide its portfolio of prime real estate for tokenization, Mavryk will be responsible for blockchain issuance and DeFi integration, and MultiBank Group will manage regulatory compliance, liquidity and governance, with MBG tokens serving as the core of the system.
The platform plans to expand the initial $3 billion tokenized asset size to $10 billion.
MultiBank, MAG and Mavryk Sign World's Largest $3 billion RWA Tokenization Agreement
2025-05-01 10:32:16
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