MultiBank confirms MBG buyback and burn of 4.86 million
MultiBank Group, recognized as the world’s largest financial derivatives institution, has confirmed the completion of its first MBG token buyback and burn program, permanently removing 4,860,000 tokens from circulation. The event marks an important milestone in the Group’s strategy to strengthen the long-term value of its utility token and expand its blockchain ecosystem.
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The buyback took place against the backdrop of the company’s record-breaking financial results. In the first half of 2025, MultiBank reported revenues of $209 million and an average daily trading turnover of $36 billion since the Token Generation Event on July 22. By reducing the token supply, the initiative is designed to increase scarcity while rewarding the community of holders who supported the project’s rapid growth.
Scaling the program and MBG growth
The buyback and burn program is designed for significant scale. In its first year alone, the Group intends to retire up to $58.2 million worth of MBG, expanding to approximately $440 million over five years. Since its listing on July 22 across major platforms including MultiBank.io, MEXC, Gate.io, Uniswap, and BingX, MBG has already surged sevenfold from its debut price, becoming one of the most closely watched digital assets of 2025.
Founder and Chairman Naser Taher described the initiative as a landmark moment for the Group’s integrated ecosystem. “This first buyback demonstrates the strength of our ecosystem, bridging TradFi, our institutional ECN, a regulated crypto exchange, and real-world asset (RWA) tokenization. MBG is becoming the utility token at the core of it all. Today’s burn is just the beginning — with more utilities, greater scarcity, and additional community rewards coming soon,” he said.
Ecosystem and next steps
The MBG token underpins four interconnected pillars: the Group’s CFD division, which generated $362 million in revenue in 2024; MEX Exchange, a $23.7 billion hybrid FX and crypto ECN; MultiBank.io, a regulated crypto exchange offering spot and margin trading; and a real-world asset tokenization project involving a $3 billion real estate deal with MAG Lifestyle Development.
With more than two million clients, 17 financial licenses across five continents, and a spotless compliance record since 2005, MultiBank Group continues to advance blockchain and DeFi infrastructure. The company confirmed that additional DeFi-driven initiatives will be rolled out in the coming months.
Read also: MultiBank honored for ECN excellence at Dubai Forex Summit
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