MultiBank Group Partners with MAG and Mavryk to Tokenize $3 Billion in Real Estate and Prepare to Launch $MBG
Dubai, UAE — MultiBank Group, the world’s largest financial derivatives organization, has announced a historic agreement with MAG Lifestyle Development – a leading real estate developer in the UAE – and Mavryk – an advanced Layer-1 blockchain platform, to tokenize $3 billion worth of real estate assets. This is considered the largest Real World Asset (RWA) tokenization initiative to date, paving the way for the launch of the $MBG utility token.
Real Assets, Real Returns – Unlocking Liquidity Through Blockchain
Under the partnership, MAG’s luxury real estate projects such as The Ritz-Carlton Residences, Dubai, Creekside, part of the Keturah Resort and Keturah Reserve complex, will be put on blockchain and offered for sale through MultiBank.io’s fully regulated RWA platform. This allows global investors to access and own iconic real estate with just a few clicks. In particular, investors will receive daily distribution profits from RWA assets on the platform.
$MBG – The core of the next generation digital asset ecosystem
The $MBG utility token serves as the operating center of the entire ecosystem. It is used to:
Access and trade on the MultiBank.io platform
Stake to earn rewards
Pay platform fees
Unlock VIP benefits, fee discounts and project launch pads
With a "buyback and burn" mechanism tied to platform revenue and staking rewards to encourage long-term participation, $MBG is designed to create real value for both institutional and individual investors.
The Role of the Three Giants in the Strategic Deal
MAG will provide a repository of high-end real estate assets for tokenization.
Mavryk provides Layer-1 blockchain infrastructure for issuance, storage, and DeFi integration.
MultiBank Group ensures regulatory compliance, secondary market liquidity, and platform operations.
Statement from the leaders of the parties
Zak Taher, Founder and CEO of MultiBank.io said:
"This is more than just a real estate deal – it is a demonstration of how Web3 can be applied in real life. We are paving the way for traditional finance to integrate with blockchain technology, providing seamless access to billions of dollars worth of assets."
Talal Al Gaddah, Senior Vice President of Operations at MAG, shared:
"We are committed to enhancing the real estate experience with cutting-edge technology. Tokenization not only creates liquidity but also increases transparency and protects investors' interests."
Alex Davis, Founder and CEO of Mavryk, commented:
"This is a game changer for the global real estate and finance industry. With blockchain technology, we are transforming traditional assets into fast, reliable, and borderless investment opportunities."
Laying the foundation for a $10 billion future in tokenized assets
Starting with $3 billion, the platform is designed to scale to $10 billion in tokenized assets, marking the strong growth of a globally compliant digital investment model, with $MBG as the key to its operations.
About strategic partners
MAG Lifestyle Development
As a subsidiary of MAG Group - a multinational corporation headquartered in the UAE with over 46 years of history. MAG develops high-end real estate projects, from residential to luxury resorts, featuring living concepts that are closely linked to health and ecology.
MultiBank Group
Founded in 2005 in California, USA, MultiBank Group currently serves over 2 million customers in over 100 countries, with a transaction volume exceeding 35 billion USD/day. Regulated by 17 global financial institutions, MultiBank Group is a symbol of security and innovation in the financial sector.
Mavryk
A Layer-1 blockchain specifically built for RWA and DeFi assets, Mavryk is a pioneering technological infrastructure to realize transparent, flexible and borderless asset ownership.