Mavryk Unveils $100M RWA Vision with $MVRK Token Launch

Mavryk Network, a Layer-1 blockchain focused on real-world asset (RWA) tokenization, announced the launch of its native mainnet token, $MVRK, set for September 18 at 1 PM UTC. The token will debut on MEXC, a leading global exchange, with an initial price of $0.10 per token [1]. This milestone is expected to accelerate the adoption of next-generation tokenization technology and facilitate the integration of billions of dollars in RWAs onto the blockchain [1].

The $MVRK token is designed to serve as the foundational asset of the Mavryk ecosystem, powering a range of functions including gas fees, delegation, co-staking, and collateral for lending and borrowing activities [1]. At the time of the token’s launch, only 5.6% of the total supply will be circulating, with over 45% allocated to growth initiatives, staking incentives, and community engagement [1]. The token’s fully diluted value (FDV) is projected at $100 million, supporting Mavryk’s vision of building a scalable and sustainable RWA-driven economy [1].

The project has made significant strides in securing key partnerships and infrastructure support. Mavryk has raised $5.2 million in funding from top-tier venture capital firms, including Ghaf Capital, Big Brain, and Draper Goren Holm [1]. Additionally, it has partnered with Multibank Group to develop the MultiBank RWA platform, which will leverage Mavryk’s white-label tokenization technology. The platform is expected to launch in 2025 and operate as a regulated, revenue-generating solution for primary and secondary RWA markets [1].

A major highlight of Mavryk’s strategy is its collaboration with Fireblocks, which allows Fireblocks’ clients to deploy their own RWA platforms using Mavryk’s infrastructure [1]. The blockchain also secured a $10 billion real estate tokenization deal with MAG Lifestyle Development and Multibank, covering properties such as Dubai’s Ritz-Carlton Residences and Keturah Reserve [1]. These developments underline Mavryk’s commitment to scaling RWA tokenization and expanding its on-chain asset value.

Performance metrics from Mavryk’s testnet have exceeded expectations, with over 110 million transactions processed, 2.2 million active funded wallets, and 1.2 million contracts deployed [1]. These figures highlight the robustness of the network’s infrastructure and its readiness to support large-scale RWA applications. Additionally, Mavryk’s SaaS platform, Equiteez, has already been adopted by MultiBank Group, enabling the launch of a regulated RWA trading platform [1].

Looking ahead, Mavryk aims to scale its on-chain asset value from $10 billion to $40 billion by 2030. The roadmap includes the expansion of strategic partnerships, the deployment of a full DeFi stack, and the development of consumer-focused tools such as a tokenized ETF minter and launchpad [1]. The project also plans to introduce mobile adaptations, a decentralized exchange (DEX), and Layer-2 integrations to further enhance accessibility and user experience [1].

Source:

[1] RWA Blockchain Mavryk Announces Mainnet Token ... (https://decrypt.co/336636/rwa-blockchain-mavryk-announces-mainnet-token-launch-on-mexc/)