MAG, MultiBank, Mavryk launch $3B tokenization initiative

MAG, a leading UAE real estate developer, has entered into a landmark $3 billion real-world asset (RWA) tokenization agreement with Dubai-based MultiBank Group and blockchain provider Mavryk, marking the largest initiative of its kind globally. The partnership will bring high-value MAG developments, including The Ritz-Carlton Residences, Dubai, Creekside and Keturah Reserve, onto the blockchain, making them accessible to global investors through MultiBank.io’s regulated platform. Token holders will be eligible to earn daily yield distributed on the platform, supported by the forthcoming utility token $MBG, which will facilitate access, staking, fee payments, and platform engagement. The deal aims to bridge traditional regulated finance with next-generation investment infrastructure, leveraging Mavryk’s blockchain for asset issuance and DeFi integrations. MultiBank Group is set to oversee regulatory compliance, liquidity, and governance aspects, positioning the $MBG token as a core infrastructure component. This collaboration is seen as a major step in broadening access to institutional-grade real estate and unlocking liquidity via blockchain technology.