MultiBank Group has entered a major strategic partnership to lead what it calls the largest real-world asset (RWA) tokenization initiative to date, worth $3 billion. In collaboration with UAE-based real estate developer MAG Lifestyle Development and blockchain firm Mavryk, the deal aims to bring high-end property onto the blockchain, accessible via MultiBank.io’s regulated marketplace.
At the center of this initiative is the upcoming launch of the $MBG token, a utility asset that will serve as the operational backbone of MultiBank’s digital finance platform. The token is designed to support a wide range of functionalities, enabling access, staking, fee payments, and governance, effectively embedding itself into the marketplace's core infrastructure.
According to the agreement, MAG will provide real estate developments such as The Ritz-Carlton Residences, Dubai, Creekside (part of the Keturah Resort), and Keturah Reserve for tokenization. Mavryk will handle the underlying blockchain infrastructure, while MultiBank Group will oversee the regulatory and market compliance.
For MultiBank.io users, the partnership means the opportunity to invest in premium, yield-generating real estate assets via a platform designed to be fully compliant and globally accessible. Yield distribution will occur daily, and investors will be able to engage with institutional-grade assets using blockchain-native tools.
“This isn’t just a real estate deal — it is a flagship use case for the $MBG token,” said Zak Taher, Founder and CEO of MultiBank.io. “By enabling seamless access to $3B in tokenized property, MultiBank becomes the bridge between regulated finance and next-generation investment infrastructure. This is how we make Web3 real.”
The sentiment was echoed by MAG’s leadership, who see the initiative as a means of expanding real estate access without compromising transparency or security.
“Partnering with MultiBank Group marks a milestone in broadening access to high-value developments and unlocking liquidity via blockchain,” said Talal Al Gaddah, Senior Executive Vice Chairman of MAG.
From Mavryk’s perspective, the collaboration reinforces the viability of tokenization in transforming global capital markets.
“By leveraging our advanced tokenization and DeFi infrastructure, we are transforming landmark developments into borderless, liquid investment opportunities,” said Alex Davis, Founder and CEO of Mavryk.
MultiBank’s approach is further backed by a buyback-and-burn mechanism tied to platform revenues, aimed at ensuring long-term token value. The $MBG ecosystem will also include staking rewards, tiered user benefits, and exclusive launchpad opportunities, all meant to incentivize participation and promote retention among users.
While the initial tokenization volume stands at $3 billion, the platform’s infrastructure is reportedly built to scale up to $10 billion in assets. If successful, the collaboration could serve as a model for merging traditional real estate and blockchain infrastructure at scale, potentially ushering in a new era of programmable ownership and transparent, compliant investing.
Editorial Note: This news article was originally published in Crypto India Magazine