- MultiBank Group has partnered with MAG and Mavryk to execute a $3 billion real estate tokenization deal, the largest of its kind globally.
- The initiative will tokenize MAG’s luxury properties including The Ritz-Carlton Residences on MultiBank’s regulated marketplace, generating daily yield for investors.
- MultiBank’s native MBG token will provide ecosystem benefits including trading discounts and operate with a deflationary model.
MultiBank Group has signed a groundbreaking $3 billion agreement to tokenize real-world assets (RWA) with UAE real estate developer MAG and blockchain provider Mavryk. The Dubai-based financial derivatives institution’s deal represents the largest real estate tokenization project globally to date, according to information shared with Cointelegraph.
The partnership will bring MAG’s ultra-luxury properties onto the blockchain through MultiBank.io’s regulated RWA marketplace. Notable projects include The Ritz-Carlton Residences, Dubai, Creekside and the Keturah Reserve. Once tokenized, these assets will be available to investors worldwide and will provide daily yield directly on the platform.
“$3B worth of MAG’s real estate will be tokenized as individual RWA tokens on MultiBank’s platform, each represented on the Mavryk blockchain, as the underlying layer-1 infrastructure,” explained Talal Moafaq Al Gaddah, senior executive vice chairman of MAG. He added that the “$MBG token provides ecosystem utility, including trading discounts, early access to properties, and a deflationary buyback-and-burn model.”
Roles in the Tokenization Partnership
In this collaboration, each partner plays a specific role. MAG contributes its premium real estate portfolio for tokenization, while Mavryk handles the blockchain issuance and DeFi integrations. MultiBank Group will oversee regulatory compliance, liquidity, and governance with its MBG token as the system’s core.
Al Gaddah explained that tokenized assets will serve dual purposes: “Within the MultiBank Group, they can be used as collateral for derivatives, creating a seamless bridge between traditional finance and tokenized assets.” These tokens will also be fully compatible with Mavryk’s broader DeFi ecosystem.
MBG Token Functionality and Market Context
The MBG utility token will enable multiple platform functions including staking, fee payments, VIP tier access, and user rewards. Its buyback-and-burn mechanism, connected to platform revenues, aims to create long-term value for both institutional and retail users. The platform eventually hopes to scale beyond the initial $3 billion to reach up to $10 billion in tokenized assets.
This announcement comes amid growing interest in RWA tokenization across the financial sector. On April 30, BlackRock filed to create digital ledger technology shares from one of its money market funds, leveraging blockchain to maintain ownership records. The fund holds over $150 million in assets, primarily invested in US Treasury bills and cash.
The goal of such tokenization initiatives is to make high-value, income-generating real estate more accessible and tradable for a broader range of investors.
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