Multibank Group Announces $3 Billion Real Estate Tokenization with MAG Ahead of $MBG Token Launch
MultiBank Group, the world’s largest financial derivatives institution, has inked a landmark $3 billion tokenization deal with UAE-based real estate developer MAG and blockchain innovator Mavryk. This initiative stands as the largest real-world asset (RWA) tokenization effort globally, 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 RWA marketplace. The MOVE coincides with MultiBank’s preparation to launch $MBG, the utility token powering its next-generation digital finance ecosystem.