Catenaa, Friday, May 16, 2025-MultiBank Group, the world’s largest financial derivatives provider, announced a landmark $3 billion tokenization partnership with MAG Lifestyle Development and blockchain firm Mavryk, setting a global benchmark in real-world asset tokenization.
The collaboration will bring high-end MAG properties-The Ritz-Carlton Residences, Dubai Creekside and Keturah Reserve-onto the blockchain via MultiBank.io’s regulated platform.
This initiative coincides with the launch of $MBG, MultiBank’s utility token, which will support staking, payments, and governance within its digital finance ecosystem.
MAG will contribute its luxury real estate assets, while Mavryk will provide blockchain infrastructure to enable on-chain issuance and DeFi integration.
MultiBank will oversee regulatory compliance, platform management, and liquidity, leveraging $MBG as its foundational asset.
“This is more than real estate-it’s a defining moment for Web3 integration,” said Zak Taher, CEO of MultiBank.io.
$MBG token holders will benefit from daily yield, discounted fees, staking rewards, and early access to investment launches.
The platform’s initial tokenization target is $3 billion, with a roadmap to scale toward $10 billion in tokenized assets.
The tokenomics include a buyback-and-burn mechanism tied to platform revenue, aiming to increase long-term value for users.
The initiative reinforces Dubai’s position as a hub for blockchain innovation and compliant digital finance.
