MultiBank Group Joins Hands with MAG and Mavryk to Tokenize $3 Billion in Real Estate and Launch $MBG Token
Dubai, UAE – May 14, 2025 — MultiBank Group, one of the world’s leading financial institutions in derivatives, has announced a revolutionary agreement with leading UAE real estate developer MAG and blockchain platform Mavryk. The three parties will collaborate to tokenize $3 billion worth of real estate assets, marking the largest real-world asset (RWA) tokenization initiative to date. MultiBank is also preparing to launch its $MBG utility token – the heart of a new generation of digital financial ecosystems.
The agreement will bring luxury real estate projects such as The Ritz-Carlton Residences, Dubai, Creekside, Keturah Resort and Keturah Reserve, onto the blockchain. These assets will be made available to global investors through the tightly regulated MultiBank.io platform. Once deployed, RWA asset holders will receive daily distributed returns through the platform.
The $MBG token will play a key role in accessing the ecosystem, being used for staking, paying fees, and interacting with digital asset services. It will be a key financial infrastructure layer, linking real assets and blockchain technology.
Three Partners – Three Strategic Roles
Under the agreement, MAG will provide a portfolio of high-end real estate for tokenization. Mavryk will be responsible for blockchain infrastructure, on-chain asset issuance, and integration of DeFi protocols. Meanwhile, MultiBank Group will be responsible for overseeing compliance, ensuring liquidity in the secondary market, and operating the entire platform. All operations are underpinned by the multi-layered utility of the $MBG token.
Zak Taher, Founder and CEO of MultiBank.io, commented:
"We are ushering in a new era by bringing $3 billion in real estate assets to the blockchain. This is more than just tokenizing real estate – it is a testament to the potential of $MBG to bridge traditional finance and Web3."
Talal Al Gaddah, Senior Vice President of MAG, said:
"At MAG, innovation is at the heart of everything we do. Partnering with MultiBank allows us to expand the reach and liquidity of our premium projects while maintaining transparency and commitment to our stakeholders."
Alex Davis, CEO of Mavryk, shared:
"We are not just tokenizing assets – we are changing the way people invest and own. With Mavryk's technology, assets that were once reserved for the ultra-wealthy are now accessible to everyone."
$MBG Ecosystem Promotion Mechanism
MultiBank Group will implement token buyback and burn policies tied to platform revenues. Additionally, users will be rewarded with staking rewards, priority access, VIP levels, and real estate investment opportunities.
The $3 billion tokenization is just the beginning. MultiBank plans to scale its tokenized assets to $10 billion, redefining the way real estate is owned and invested through blockchain and DeFi technology, with $MBG at its core.
About MultiBank Group
Founded in California in 2005, MultiBank Group is now a leading global financial derivatives provider, serving over 2 million customers in 100 countries. With a trading volume exceeding $35 billion/day, MultiBank is known for its robust trading platform, high compliance, and excellent customer service. The Group is currently regulated by 17 of the world's largest financial institutions.
About MAG
MAG is a real estate development unit of MAG Group, a multi-industry group headquartered in the UAE with a history of nearly 50 years. MAG currently owns high-end residential projects, eco-urban areas and world-class living communities.
About Mavryk
Mavryk is a Layer-1 blockchain specifically designed for tokenizing real-world assets (RWA). With a powerful DeFi infrastructure and deep integration mechanism, Mavryk aims to build a transparent, scalable digital asset platform that is suitable for modern investment needs.
For more information, please visit: MultiBank.io
Note: The Ritz-Carlton Residences, Dubai, Creekside is not owned or operated by Ritz-Carlton. The brand is used under license from Ritz-Carlton Hotel Company, LLC.