Real Estate Asset Tokenization: MultiBank Group Plans to Tokenize $3 Billion Using MAG in Preparation for $MBG Launch
Breaking News - May 6th, 2025 - Dubai, UAE, Chainwire
Blockchain and real-estate enthusiasts, buckle up! The world's leading financial derivatives behemoth, MultiBank Group, has teamed up with the UAE's elite real estate developer, MAG Lifestyle Development, and the innovative blockchain warrior, Mavryk, to create a groundbreaking $3 billion tokenization spectacle. This mega-deal, boasting the largest real-world asset (RWA) tokenization worldwide, signals the upcoming release of MultiBank's upcoming utility token, $MBG.
The partnership sheds light on transforming some of MAG's premium real estate properties, such as the opulent Ritz-Carlton Residences, Dubai, Creekside, as well as the stunning Keturah Reserve, into tokenized assets open to global investors through MultiBank.io's tightly regulated RWA marketplace. Once launched, these RWA holders can bask in the daily yield distributed on MultiBank.io's platform.
The $MBG token is set to be the backbone of MultiBank's next-gen digital finance ecosystem, empowering access, staking, fee payments, and platform interaction. In a nod to the deal's importance, MAG will generously provide their top-shelf real estate inventory for tokenization, while Mavryk expertly constructs the blockchain infrastructure for on-chain asset issuance and DeFi integrations. MultiBank Group will champion regulatory responsibilities, ensure liquidity in secondary markets, and maintain platform governance, with $MBG acting as the lynchpin of this institutional-grade token system.
Zak Taher, MultiBank's fearless CEO, said, "This isn't just a real estate opportunity - it's a flagship use case for the $MBG token, bridging regulated finance with next-gen investment infrastructure. This is the future of Web3 made tangible."
Talal Al Gaddah, Senior Executive Vice Chairman of MAG, echoed these sentiments: "At MAG, we're driven by excellence and a thirst for pioneering real estate landscapes. Partnering with MultiBank Group marks a pivotal moment in providing accessible luxury and unlock liquidity through blockchain technology while preserving the essence of transparency and stakeholder protection."
Alex Davis, Mavryk's founding visionary, declared, "This union represents a game-changer for how RWAs are accessed and traded. By employing our state-of-the-art tokenization and DeFi infrastructure, we're converting landmark developments into borderless investment opportunities, available at the click of a button. Together, MAG, MultiBank, and Mavryk are laying the foundation for a transparent and scalable future, where privileged opportunities in institutional-grade assets are at your fingertips."
As part of the agreement, MultiBank Group will reserve strategies to strengthen $MBG's value, including implementing a buyback-and-burn model tied to platform revenues and rewards designed to incentivize long-term engagement. The $MBG token offers genuine value for both retail and institutional users, featuring benefits such as discounted fees, VIP tiers, access to exclusive launchpads, and real-world asset exposure.
The $3 billion tokenization is merely the opening act; the platform caters to scaling up to handle a stupendous $10 billion in assets, ushering in a brand-new era of programmable ownership and compliant digital investing, with $MBG standing resolute at its core.
Note: The Ritz-Carlton Hotel Company, LLC, has not confirmed the accuracy of any statements and representations made herein regarding The Ritz-Carlton Residences, Dubai, Creekside. MAG of Life FZ-LLC uses The Ritz-Carlton marks under a license from Ritz-Carlton.
About MAG
With a resplendent 46-year-old legacy, MAG, the real estate development arm of the multinational UAE conglomerate, MAG Group, has continuously reshaped urban living with its superior real estate portfolio ranging from luxury residential towers and communities to market-first projects incorporating Bio Living and wellness-driven concepts. Unwavering in its pursuit of excellence, MAG continues to spearhead innovative projects that elevate lifestyles and communities.
About MultiBank Group
Founded in California, USA, in 2005, MultiBank Group is a pioneering worldwide titan in financial derivatives, catering to over 2 million global clients across 100 countries, and boasting a jaw-dropping trading volume that surpasses $35 billion per day in the span of 4 days in April 2025. Renowned for its cutting-edge trading solutions, unwavering regulatory compliance, and exceptional customer service, MultiBank Group offers an extensive range of brokerage services and asset management solutions. Its award-winning trading platforms support leverage of up to 500:1 on a diverse offerings, including Forex, Metals, Shares, Commodities, Indices, and Cryptocurrencies. Regulated across five continents, MultiBank Group is overseen by 17 highly respected financial authorities globally.
About Mavryk
Mavryk, the next-gen Layer-1 blockchain, is on a mission to redefine asset ownership and foster the real-world asset (RWA) community. By integrating RWA tokenization, DeFi applications, and durable infrastructure, Mavryk strives to reform the way individuals engage with and harness tokenized assets. Vision: create an interwoven network economy through seamless integration of RWAs with DeFi.
Contact
For press inquiries, please reach out to Nasser Saimeh at [email protected]
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- The collaboration between MultiBank Group, MAG Lifestyle Development, and Mavryk aims to revolutionize finance and investing in the UAE by tokenizing premium real-estate properties, starting with the Ritz-Carlton Residences, Dubai, Creekside and Keturah Reserve.
- MultiBank's new utility token, $MBG, will serve as the backbone of the company's digital finance ecosystem, providing access, staking, fee payments, and platform interaction.
- Global investors will be able to purchase tokenized real-estate assets through MultiBank.io's tightly regulated RWA marketplace, and enjoy daily yield distributions on the platform.
- The $3 billion tokenization initiative is just the beginning, with the platform designed to handle up to $10 billion in assets, leading the way in programmable ownership and compliant digital investing.
