MultiBank Group to tokenize $3 billion in real estate assets with MAG as it readies to launch $MBG
Dubai, UAE, May 6, 2025, chainwire
Multibank groupThe largest financial derivatives in the world, signed a historical $ 3 billion agreement on tokenization Developing a Lifestylethe leading real estate developer in the UAE, and MavrykA leading blockchain innovator, which has marked the world's largest real-world asset (RWA) tokenization initiative in the world to this day. The initiative features the upcoming $ MBG launch, the utility token at the core of the next generation of the Multibank digital ecosystem.
The collaboration will bring the real estate developments of the Ritz-Carlton Residences, Dubai, Creekside, which is part of the Keturah Resort, and Keturah Reserve-going to Blockchain, which makes it available to global investors through the fully regulated RWA market. When launched, RWA holders can earn a yield that is distributed daily on the Multibank.io platform.
The $ MBG token will provide power to access, staking, fee, and platform interaction, its positioning as a layer of infrastructure behind the institutional digital asset offerings.
As part of the agreement, Mag will provide the premium inventory of real estate for tokenization, while Mavryk will deliver the blockchain infrastructure to support the on-chain issuing and integration of the DeFI. The Multibank Group will guard in compliance with regulation, secondary liquidity market, and platform management-all are strengthened by the multi-layered utility of $ MBG.
“It's not just a real estate deal-it's a case of using a flagship for the $ MBG token. By enabling seamless access to $ 3B in tokenized property, Multibank has become a bridge between regulated financial and next-generation investment infrastructure. This is how we really make the web3 really.” says Zak Taher, founder and CEO of Multibank.io.
Talal Al Gaddah, Senior Executive Vice Chairman of the Mag, said: “In Mag, we are always driven by excellence and a passion for shaping the landscape of tomorrow's landscape. The multibank group's cooperation marks a milestone in expanding access to high values of transparency and stakeholder transparency standards.
Alex Davis, founder and CEO of Mavryk, commented “This collaboration represents a paradigm shift in how real-world assets are accessed and exchanged. By seizing our advanced tokenization and defi infrastructure, we are changing landmark developments in Eternal, Opportunities to the Liquid. We place the technological foundation for a transparent, red-featured in which the institutional group of people, measurable future, measurable future, measurable future, the intensive institutional foundation for a transparent, poetic in the future where the institutional assets for a transparent, will be available in the future.
With a buyback-and-burn model tied to platform revenues and staking rewards designed to emphasize long-term interaction, the Multibank Group provides tangible value for both retail and institutional users. From discount fees and VIP tier to launch access to real-world access and exposure, the $ MBG token is engineered to reward participating and drive ecosystem demand.
The initial tokenization of $ 3 billion is just the beginning. The platform was built to measure up to $ 10 billion in properties, which sets the stage for a new programmable ownership and compliant digital investing – with $ MBG in its foundation
Legal decline
Ritz-Carlton Residences, Dubai, Creekside, are not owned, developed, or sold by the Ritz-Carlton Hotel Company, LLC or its affiliates (“Ritz-Carlton”). The Mag of Life FZ-LLC uses Ritz-Carlton scores under a license from Ritz-Carlton, which has not confirmed the accuracy of any of the statements or representations made here.
About Mag
Magis the arm of development of the real estate group of the UAE-based multinational conglomery, with a 46-year-old inheritance. The Mag was established in 2003 and the current real estate portfolio is from iconic residential towers and communities in Ultra Luxury Development that include concepts dedicated to bio and wellness, which are considered the first in the region. Through a promise of excellence, the mag continues to shape the future of urban life, which delivers regeneration projects that improve lifestyle and communities.
About the Multibank Group
Multibank group. It is regulated throughout the five continents by 17 of the most respectable financial authorities worldwide. Group award platforms offer up to 500: 1 action on a diverse range of products, including forex, metal, shares, goods, indexes, and cryptocurrencies. The Multibank Group has received more than 70 financial awards that recognize trading efficiency and regulation compliance. For more information, users can visit the multibank group Website.
About Mavryk
Mavryk is the Layer-1 blockchain designed to change ownership of assets and RWA community care, developing tokenization of properties for tomorrow. By seizing RWA tokenization, DEFI applications, and stable infrastructure, Mavryk aims to transform how individuals interact and engage in tokenized properties. Our vision is to create a coherent network economy through seamless RA integration with Defi.
Contact
Nasser saimeh
nasser@cbpr.me
