MultiBank.io Partners with Fireblocks to Tokenize $10B in Real Estate Assets

MultiBank Group's digital asset division, MultiBank.io, has launched a real estate tokenization platform in collaboration with institutional crypto custodian Fireblocks and blockchain infrastructure provider Mavryk. The initiative aims to bring $10 billion worth of high-value properties onto the blockchain, making them accessible to a broader range of investors through fractional ownership.

The platform will operate as a regulated marketplace, allowing purchases in both fiat and cryptocurrency. Fireblocks will handle secure custody of the tokenized real-world assets (RWAs), while Mavryk provides the underlying blockchain infrastructure, including smart contract functionality and KYC/AML compliance.

This MOVE signals intensifying competition among firms to dominate the RWA sector. MultiBank.io has already secured a $3 billion partnership with MAG Lifestyle Development for the first phase of the project.