MultiBank Group, the world\u2019s largest financial derivatives institution based in Dubai, has signed a landmark $3 billion real-world asset (RWA) tokenization agreement with United Arab Emirates (UAE)-based real estate giant MAG and blockchain infrastructure provider Mavryk.<\/p>\n
The deal represents the largest RWA tokenization initiative globally to date and highlights the upcoming launch of MultiBank\u2019s native utility token, MBG, according to a press release shared with Cointelegraph.<\/p>\n
The partnership will bring MAG\u2019s ultra-luxury real estate projects \u2014 including The Ritz-Carlton Residences, Dubai, Creekside and the Keturah Reserve \u2014 onto the blockchain via MultiBank.io\u2019s regulated RWA marketplace.<\/p>\n
Once tokenized, these assets will be available to global investors and will generate daily yield for holders directly on the platform.<\/p>\n
\u201c$3B worth of MAG\u2019s real estate will be tokenized as individual RWA tokens on MultiBank\u2019s platform, each represented on the Mavryk blockchain, as the underlying layer-1 infrastructure,\u201d Talal Moafaq Al Gaddah, senior executive vice chairman of MAG, told Cointelegraph.<\/p>\n
Al Gaddah added that \u201c$MBG token provides ecosystem utility, including trading discounts, early access to properties, and a deflationary buyback-and-burn model.\u201d<\/p>\n
Related: <\/strong><\/em>BlackRock, five others account for 88% of all tokenized treasury issuance<\/strong><\/em><\/a><\/p>\n MAG, one of the UAE\u2019s most prominent developers, will contribute its premium real estate portfolio for tokenization.<\/p>\n Mavryk will handle blockchain issuance and DeFi integrations, while MultiBank Group will manage regulatory compliance, liquidity and governance, with the MBG token at the core of the system.<\/p>\n \u201cTokenized assets issued by MultiBank will have dual utility. Within the MultiBank Group, they can be used as collateral for derivatives, creating a seamless bridge between traditional finance and tokenized assets,\u201d Al Gaddah said.<\/p>\n He said that these tokens are fully interoperable with the broader Mavryk DeFi ecosystem.<\/p>\n The tokenized treasuries market is rising. Source: RWA.xyz<\/em><\/p>\n The MBG token will power staking, fee payments, VIP tiers and user rewards. It also features a buyback-and-burn mechanism tied to platform revenues, creating long-term value for both institutional and retail participants.<\/p>\n The platform aims to scale beyond the initial $3 billion to as much as $10 billion in tokenized assets.<\/p>\n \u201cThe goal is to tokenize high-value, income-generating real estate assets that have traditionally been difficult to access or trade.\u201d\u00a0<\/p>\n The announcement comes amid renewed interest in RWA tokenization.<\/p>\nMultiBank tokenizes MAG real estate<\/h2>\n
MBG token adds platform utility<\/h2>\n