Mavryk Secures $3 Billion RWA Deal to Tokenize UAE Real Estate

The tokenization of real-world assets (RWA) is gaining momentum, with Mavryk establishing itself as a leading Layer-1 blockchain in the space. As governments and financial institutions increasingly embrace crypto-friendly policies, the sector is drawing attention from both blockchain-native innovators and traditional financial giants [1].

Mavryk has secured a $3 billion deal with the UAE's MAG Group and MultiBank Group to tokenize real estate, marking one of the largest agreements in the RWA space to date. The partnership aims to democratize property investment by offering fractional ownership in a regulated environment. According to the deal, Mavryk will manage the issuance, liquidity, settlement, and governance of tokenized properties. Investors can purchase property shares starting at $50 and earn yield backed by real-world assets [1].

Notably, this initial deal is considered just the first phase, with an additional $10 billion in real estate value identified for tokenization. Given the current $25 billion of RWAs on-chain, the project could unlock access to the broader $226 trillion residential property market [1].

Mavryk's collaboration with Fireblocks, a provider of institutional-grade custody services, has further accelerated its efforts. Fireblocks, which secures over $7 trillion across 100+ blockchains, supports the infrastructure needed for large-scale RWA tokenization [1].

Mavryk CEO Alex Davis emphasized that the platform was purpose-built for RWAs, distinguishing it from competitors who are retrofitting existing chains. The ecosystem also includes platforms such as Equiteez, a marketplace for fractional RWA tokens, and Maven Finance, a DAO-operated banking layer offering yield and RWA-backed loans [1].

The regulatory landscape is also supporting RWA growth. The recent introduction of the GENIUS Act, the first federal framework for stablecoins, has boosted confidence in the crypto market, particularly for dollar-pegged stablecoins expected to play a key role in tokenized real estate transactions. As legislation and infrastructure mature, and institutional interest grows, the path to mainstream adoption of RWAs appears increasingly viable [1].

Source:

[1] RWA Race Intensifies as Mavryk Cements Status as Market Leader

https://www.newsbtc.com/news/company/rwa-race-intensifies-as-mavryk-cements-status-as-market-leader/