MultiBank, MAG and Mavryk Sign World’s Largest $3 Billion RWA Tokenization Agreement
MultiBank Group, the world's largest financial derivatives institution based in Dubai, has signed a $3 billion real-world asset (RWA) tokenization agreement with UAE real estate giant MAG and blockchain infrastructure provider Mavryk.
According to the agreement, MAG's ultra-luxury real estate projects, including the Dubai Ritz-Carlton Residences, Creekside, and Keturah Reserve, will be tokenized through MultiBank.io's regulated RWA market. These tokenized assets will be open to global investors and will directly generate daily income for holders on the platform.
In this collaboration, MAG will provide its premium real estate portfolio for tokenization, Mavryk will be responsible for blockchain issuance and DeFi integration, and MultiBank Group will manage regulatory compliance, liquidity, and governance, with MBG tokens serving as the core of the system.
The platform plans to expand the initial $3 billion tokenized asset scale to $10 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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