UAE Real Estate Developer MAG Partners with MultiBank.io for $3 Billion Tokenization Deal

MAG, a prominent UAE real estate developer, has inked a $3 billion agreement to tokenize high-value properties, including The Ritz-Carlton Residences and Keturah Reserve, on MultiBank.io’s regulated RWA marketplace. The initiative aims to democratize access to premium real estate investments through blockchain technology.

Investors holding tokenized assets will earn daily yields distributed via MultiBank.io’s platform. The $MBG token will serve as the backbone for transactions, staking, and fee payments, cementing its role in institutional-grade digital asset infrastructure.

Mavryk, a layer-1 blockchain specializing in real estate digitization, will provide the technical framework to convert illiquid properties into fractionalized, tradable assets using DeFi protocols. The partnership signals growing institutional interest in blockchain-based asset fractionalization.