MultiBank Group Plots $3B Real Estate Tokenization Play—MAG Backs $MBG Launch
Wall Street’s latest ’innovation theater’ sees MultiBank Group jumping on the blockchain bandwagon—this time with a $3 billion real estate tokenization scheme. The move pairs with their upcoming $MBG token launch, aiming to digitize illiquid assets while bankers pretend they invented the concept yesterday.
MAG’s involvement adds institutional weight, but let’s not forget: tokenizing real estate is like putting a Ferrari on a skateboard—cool in theory, but someone’s gonna scrape the undercarriage.
Will this actually unlock liquidity or just create another layer of financial intermediation? Place your bets—the house always wins.