MultiBank Partners to Tokenize $3 Billion in Real Estate Assets

MultiBank Group, a prominent derivatives provider, has entered into a significant partnership to tokenize $3 billion worth of real estate assets. This collaboration involves UAE-based developer MAG Lifestyle Development and blockchain technology firm Mavryk, marking one of the largest real-world asset (RWA) tokenization projects to date. The initiative aims to convert high-value properties, including the Ritz-Carlton Residences, Dubai, Creekside, and Keturah Reserve, into blockchain-based digital assets. These assets will be accessible to traders globally through a regulated RWA marketplace operated by MultiBank.io, offering daily yield distributions upon launch.

The $MBG utility token will serve as the core mechanism for accessing various platform features, including staking, transaction fees, governance participation, and overall user engagement within MultiBank’s evolving digifi ecosystem. Each partner will play a distinct role: MAG Lifestyle Development will provide the high-value real estate properties, Mavryk will supply the underlying Layer-1 blockchain technology, and MultiBank Group will handle regulatory compliance and platform governance, ensuring liquidity in the secondary market.

Zak Taher, Founder and CEO of MultiBank.io, highlighted the significance of this initiative, stating that it represents a critical step toward the future of finance by bridging traditional markets and Web3. Talal Al Gaddah, Senior Executive Vice Chairman of MAG, emphasized that this partnership marks a turning point in how traders can access high-value properties while maintaining transparency and quality. Alex Davis, Founder and CEO of Mavryk, noted that the firm’s scalable blockchain architecture enables landmark developments to become borderless vehicles, supporting a more transparent and globally inclusive system.

MultiBank has introduced a token buyback-and-burn program funded by platform-generated revenues to promote ongoing engagement and value retention. Staking incentives are also being rolled out to encourage users to hold and actively participate in the ecosystem. Holders of $MBG will benefit from reduced fees, VIP status, exclusive access to new projects, and diversified exposure to tokenized real-world assets. Although the project’s initial stage includes $3 billion worth of real estate assets, the platform has been built to accommodate a total asset value of up to $10 billion.

MAG Lifestyle Development, the real estate division of the UAE-based MAG Group, has a global presence with over 46 years of experience in diverse industries. Since launching in 2003, MAG has delivered luxury residential towers, master-planned communities, and wellness-centric living environments. MultiBank Group, established in California in 2005, has become a leading name in global derivatives, with a client base exceeding two million across 100 countries. Regulated by 17 top-tier authorities, it processes over $35 billion in average daily trading volume during peak periods and has received more than 70 international awards recognizing its excellence and compliance standards. Mavryk, an advanced Layer-1 blockchain platform, is engineered for scalability, security, and cross-chain interoperability, aiming to bridge the gap between traditional finance and blockchain by providing the infrastructure to tokenize and trade physical assets in a trustless environment.