MAG Signs Strategic Partnership with MultiBank Group to Tokenize $3 Billion Real Estate Assets – CryptoMode
Dubai, United Arab Emirates – (Business Wire) –Mag, the main real estate promoter at water has signed a historic tokenization agreement of $ 3 billion with the Multibank group, the largest institution of financial derivatives in the world based in Dubai, and Mavryk, a leading blockchain innovator – marking the greatest real innovation (RWA) Overall to make the world date. The initiative highlights the imminent launch of $ MBG, the utilitarian token at the heart of the new generation of Multibank digital financing ecosystem.
The partnership will bring real estate developments of great value of Mag – The Ritz-Carlton Residences, Dubai, Creekside, which is part of the Keturah Resort, And Keturah reserve – On the blockchain, providing them with global investors via the fully regulated RWA market of Multibank.io. Once launched, RWA asset holders will be able to earn a distributed performance daily on the Multibank.io platform.
The MBG $ token will feed access, milestone, expense payments and the commitment of the platform, positioning it as the infrastructure layer behind institutional quality asset offers.
As part of the agreement, Mag will provide its high -end real estate inventory for tokenization, while Mavryk will deliver the Blockchain infrastructure to support the program program and challenge integrations. The Multibank group will oversee the regulatory compliance, the liquidity of the secondary market and the governance of platforms.
Talal Moafaq Al Gaddah, Mag's main executive vice-president, said: “At Mag, we have always been motivated by excellence and a passion to shape the real estate landscape of tomorrow. The partnership with the Multibanque group marks an important step in expanding access to high -value developments and unlocking liquidity via blockchain. ”
“It is not only a real estate agreement – this is a flagship use case for the MBG $ token.
The initial token of $ 3 billion is only the start. The platform is designed to increase up to $ 10 billion in assets, preparing the way for a new programmable property and compliant digital investment – with $ MBG at its foundation.
Legal warning
The residences of Ritz-Carlton, Dubai, Creekside, are not detained, developed or sold by the Ritz-Carlton Hotel Company, LLC or its affiliates (“Ritz-Carlton”). Mag of Life Fz-LLC uses the Ritz-Carlton brands under a license in Ritz-Carlton, which has confirmed the accuracy of any of the declarations or representations made here.
Source: Aetoswire
Contacts
Khaled Abu Hist
khaled@cbpr.me
