TechFlow, May 1 — According to Cointelegraph, Dubai-based MultiBank Group, the world's largest financial derivatives institution, has signed a landmark $3 billion real-world asset (RWA) tokenization agreement with UAE real estate giant MAG and blockchain infrastructure provider Mavryk.
Under the agreement, MAG's ultra-luxury real estate projects—including The Ritz-Carlton Residences Dubai, Creekside, and Keturah Reserve—will be tokenized via MultiBank.io’s regulated RWA marketplace. These tokenized assets will be made available to global investors and will generate daily returns directly on the platform for holders.
"$3 billion worth of MAG properties will be tokenized on the MultiBank platform as distinct RWA tokens, each represented on the Mavryk blockchain as the underlying Layer-1 infrastructure," said Talal Moafaq Al Gaddah, Senior Executive Vice Chairman of MAG. He added, "$MBG tokens provide ecosystem utility, including trading discounts, early access to properties, and a deflationary buyback-and-burn mechanism."
Under this collaboration, MAG will contribute its premium real estate portfolio for tokenization, Mavryk will handle blockchain issuance and DeFi integration, while MultiBank Group will oversee regulatory compliance, liquidity, and governance, with the $MBG token serving as the core of the system.
The platform plans to scale its initial $3 billion tokenized asset base up to $10 billion.
