MultiBank signs $3 billion real estate tokenization deal with MAG
MultiBank partners with MAG, Mavryk
MultiBank Group, the world’s largest financial derivatives institution, has partnered with MAG, one of the UAE’s leading real estate developers, and blockchain firm Mavryk to launch a groundbreaking $3 billion tokenization initiative focused on premium real estate assets.
The agreement marks the largest real-world asset (RWA) tokenization project globally to date, ushering in a new era for blockchain-based investing and digital finance, according to Business Wire.
At the heart of the initiative is the launch of MBG, a utility token that will underpin the ecosystem of MultiBank.io, a regulated marketplace for tokenized RWA assets. MBG will serve as the platform’s core mechanism for staking, fee payments, and user access, forming the foundation of an institutional-grade infrastructure for scalable digital assets.
Accessing luxury real estate via blockchain
As part of the agreement, MAG will tokenize its flagship developments, including The Ritz-Carlton Residences, Dubai, Creekside, part of the Keturah Resort, and Keturah Reserve. These premium real estate offerings will soon be made available to global investors via blockchain, ensuring legally compliant exposure to elite property markets.
Mavryk will provide the underlying blockchain infrastructure and DeFi integrations, while MultiBank Group will handle regulatory compliance, liquidity provisioning, and platform governance, including secondary market operations.
“At MAG, we have always been guided by a commitment to excellence and a passion for shaping the future of real estate,” said Talal Moafaq Al Gaddah, Senior Executive Vice Chairman of MAG. “Partnering with MultiBank Group marks a major milestone in expanding access to high-value projects and unlocking liquidity through blockchain technology.”
Zak Taher, CEO of MultiBank.io, added: “This is more than just a real estate transaction — it’s a flagship use case for the MBG token. By enabling seamless access to $3 billion in tokenized assets, MultiBank becomes a bridge between regulated finance and next-generation investment infrastructure.”
Outlook and industry impact
While the initial rollout involves $3 billion in tokenized property, the platform is built to scale to $10 billion, establishing a new global benchmark for compliant, blockchain-enabled real estate investment. Yield from the RWA assets will be distributed daily to MBG token holders on the MultiBank.io platform, positioning the token as a key enabler of programmable ownership and digital wealth creation.
This strategic alliance signals a pivotal turning point in the convergence of real-world assets and decentralized finance, paving the way for a future where blockchain and real estate are seamlessly integrated.
Earlier, MultiBank Group was honored with a prestigious award at Money Expo Abu Dhabi.
