The UAE-based leading real estate developer MAG, on Thursday announced that it has signed a $3 billion tokenisation agreement with MultiBank Group, the world’s largest financial derivatives institution based in Dubai, and Mavryk, a leading blockchain innovator — marking the largest real-world asset (RWA) tokenisation initiative globally to date.
The initiative highlights the imminent launch of $MBG, the utility token at the core of MultiBank’s next-generation digital finance ecosystem.
The partnership will bring MAG’s high-value real estate developments — The Ritz-Carlton Residences, Dubai, Creekside, part of the Keturah Resort, and Keturah Reserve — onto the blockchain, making them available to global investors via MultiBank.io’s fully regulated RWA marketplace.
Once launched, holders of the RWA assets will be able to earn yield distributed daily on the MultiBank.io platform. The $MBG token will power access, staking, fee payments, and platform engagement, positioning it as the infrastructure layer behind institutional-grade digital asset offerings.
As part of the agreement, MAG will provide its premium real estate inventory for tokenisation, while Mavryk will deliver the blockchain infrastructure to support on-chain asset issuance and DeFi integrations. MultiBank Group will oversee regulatory compliance, secondary market liquidity, and platform governance.
Shaping Future Landscape
Talal Moafaq Al Gaddah, Senior Executive Vice Chairman of MAG, said that they have always been driven by excellence and a passion for shaping the property landscape of tomorrow. Partnering with MultiBank Group marks a milestone in broadening access to high-value developments and unlocking liquidity via blockchain.
Multibank.io founder and CEO Zak Taher said that this wasn’t just a real estate deal and was a flagship use case for the $MBG token.
By enabling seamless access to $3B in tokenised property, MultiBank becomes the bridge between regulated finance and next-generation investment infrastructure,” said Zak Taher, Founder and CEO of MultiBank.io, he said.
The initial tokenisation of $3 billion is just the beginning. The platform is built to scale up to $10 billion in assets, setting the stage for a new era of programmable ownership and compliant digital investing — with $MBG at its foundation.
Iraq's banking sector is facing renewed pressure to strengthen lending activity after most state-owned banks…
Kuwait's e-commerce market is moving beyond its initial adoption phase, with stronger digital infrastructure, evolving…
Jordan's banking sector is showing continued resilience as Jordan Kuwait Bank (JKB) reported net profit…
Bahrain's cybersecurity industry is gaining international visibility as Beyon Cyber becomes the first Bahraini cybersecurity…
Oman's fintech ecosystem is moving into a more collaborative phase as payment technology providers and…
Egypt is stepping up its artificial intelligence ambitions as Cairo becomes an increasingly important centre…