MultiBank Group Announces $3 Billion Real Estate Tokenization with MAG Ahead of $MBG Launch
MultiBank Group, the world’s largest financial derivatives institution, has entered a groundbreaking $3 billion tokenization agreement with MAG Lifestyle Development and blockchain innovator Mavryk. This marks the largest real-world asset (RWA) tokenization initiative to date, signaling a seismic shift in institutional adoption of blockchain technology.
The partnership will tokenize premium MAG developments including The Ritz-Carlton Residences and Keturah properties, making them accessible to global investors through MultiBank.io’s regulated platform. The move coincides with the impending launch of $MBG, the native token powering MultiBank’s digital finance ecosystem.
Dubai continues to solidify its position as a hub for blockchain innovation, with this deal setting a new benchmark for asset tokenization scale. Institutional capital flows into RWAs are accelerating as traditional finance embraces blockchain’s efficiency benefits.