MAG Partners with MultiBank Group and Mavryk to Tokenize $3 Billion in Real Estate Assets
MAG, one of the UAE’s leading real estate developers, has entered into a groundbreaking $3 billion tokenization partnership with MultiBank Group and blockchain firm Mavryk. This landmark initiative marks the world’s largest real-world asset (RWA) tokenization project to date, enabling global digital access to high-value real estate through regulated blockchain infrastructure.
As part of the agreement, MAG will tokenize its premium developments—including The Ritz-Carlton Residences, Dubai, Creekside (part of Keturah Resort), and Keturah Reserve—and make them available to investors via MultiBank.io’s fully regulated RWA marketplace.
The tokenization comes ahead of the highly anticipated launch of the $MBG utility token, which will play a central role in MultiBank Group’s digital finance ecosystem. The token will facilitate access to the platform, enable staking, handle transaction fees, and support platform engagement, effectively forming the backbone of its blockchain-enabled financial services.
MultiBank Group, the world’s largest financial derivatives institution headquartered in Dubai, will manage regulatory compliance, secondary market liquidity, and platform governance. Mavryk will provide the blockchain infrastructure for on-chain asset issuance and decentralized finance (DeFi) integration.
Talal Moafaq Al Gaddah, Senior Executive Vice Chairman of MAG, stated:
"Partnering with MultiBank Group marks a milestone in broadening access to high-value developments and unlocking liquidity via blockchain, while preserving uncompromising standards of transparency and stakeholder protection."
Zak Taher, Founder and CEO of MultiBank.io, highlighted the strategic importance of the initiative:
"This is a flagship use case for the $MBG token. By enabling seamless access to $3 billion in tokenized property, we are bridging the gap between regulated finance and next-generation investment infrastructure."
Alex Davis, Founder and CEO of Mavryk, added:
"This collaboration represents a paradigm shift in how real-world assets are accessed and traded. Together, we are laying the foundation for a transparent, scalable future where institutional-grade assets are available at the click of a button."
The initiative also features a buyback-and-burn model tied to platform revenues and staking rewards aimed at incentivizing long-term user participation. $MBG token holders will benefit from advantages such as discounted fees, VIP tiers, launchpad access, and exposure to real-world assets.
The initial $3 billion tokenization is only the beginning. Plans to scale the platform to $10 billion in assets signal a major advancement in compliant digital investing and programmable asset ownership.
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