Financial institution MultiBank.io teams up with Fireblocks and Mavryk to develop a $10 billion Real Estate Tokenization Platform.
MultiBank.io, the digital asset division of MultiBank Group, has announced a groundbreaking partnership with Fireblocks and Mavryk Network to launch a $10 billion real estate tokenization platform. This initiative aims to democratize access to high-value real estate investments by converting real-world assets into fractional digital tokens.
The partnership brings together three key players: MultiBank.io, Fireblocks, and Mavryk Network. Fireblocks provides institutional-grade digital asset custody, tokenization, and secure trading capabilities. Mavryk Network offers blockchain infrastructure for rapid settlement and programmable features like KYC and jurisdictional checks. MultiBank Group, with its regulatory expertise, oversees governance, compliance, and secondary market liquidity, leveraging its presence in 17 global jurisdictions.
The focus of the initiative is twofold. First, the platform aims to tokenize high-value real estate assets, with an initial $3 billion collaboration with MAG Lifestyle Development featuring projects like The Ritz-Carlton Residences and Keturah Reserve. Second, by enabling fractional ownership, the initiative seeks to reduce traditional real estate's illiquidity and high capital barriers, allowing both retail and institutional investors to participate with a minimum investment threshold of $50.
The benefits of this initiative are numerous. Fractional ownership allows more individuals and institutions to invest in high-value real estate, enhancing accessibility. Institutional-grade security is ensured by Fireblocks, while regulatory compliance is supported by MultiBank Group's regulatory expertise. Mavryk’s blockchain infrastructure facilitates rapid settlement and automates jurisdictional checks, streamlining transactions. Cross-border transactions are also enabled, enhancing global market access.
MultiBank Group's award-winning platforms offer up to 500:1 leverage across Forex, Metals, Shares, Commodities, Indices, and Cryptocurrencies. The group's plans include the launch of MEX Exchange, an institutional Electronic Communication Network aiming to become the first institutional crypto ECN by 2026, handling over $460 billion in daily volume within five years.
MultiBank.io, a division of MultiBank Group, is expanding its operations to support one of the more substantial global real estate tokenization efforts. Established in 2005, MultiBank Group is a global leader in financial derivatives, serving over 2 million clients in 100+ countries with a daily trading volume exceeding $35 billion.
For more information, please contact Mr. Nikolas Neofytou at [email protected]. MultiBank.io RWA is a marketplace for tokenized real-world assets, aiming to democratize access to previously illiquid markets, allowing investors to enter premium real estate assets with as little as $50. MultiBank.io is a regulated exchange for spot and derivatives crypto trading, passing security audits with a perfect 10/10 score from blockchain security auditor Hacken and being regulated by authorities including the UAE’s VARA and Australia’s AUSTRAC.
- The digital asset division of MultiBank Group, MultiBank.io, is partnering with Fireblocks and Mavryk Network to launch a $10 billion real estate tokenization platform, aiming to democratize high-value real estate investments.
- Fireblocks, a key player in this partnership, provides institutional-grade digital asset custody, tokenization, and secure trading capabilities.
- Mavryk Network offers blockchain infrastructure for rapid settlement and automates programmable features like KYC and jurisdictional checks.
- MultiBank Group, with its regulatory expertise, oversees governance, compliance, and secondary market liquidity, leveraging its presence in 17 global jurisdictions.
- The initiative aims to tokenize high-value real estate assets, with an initial $3 billion collaboration with MAG Lifestyle Development, and enable fractional ownership, reducing traditional real estate's illiquidity and high capital barriers.
- MultiBank Group also plans to launch MEX Exchange, an institutional Electronic Communication Network aiming to become the first institutional crypto ECN by 2026, handling over $460 billion in daily volume within five years, while also offering up to 500:1 leverage across various digital assets.
