[PRESS RELEASE – Dubai, UAE, May 6th, 2025]
MultiBank Group, the world’s largest monetary derivatives establishment, has signed a historic $3 billion tokenization settlement MAG Lifestyle Development, the main actual property developer within the UAE, and Mavryk, a number one blockchain innovator, marking the biggest real-world asset (RWA) tokenization initiative globally to this point. The initiative highlights the upcoming launch of $MBG, the utility token on the core of MultiBank’s next-generation digital finance ecosystem.
The partnership will convey MAG’s high-value actual property developments — The Ritz-Carlton Residences, Dubai, Creekside, which is a part of the Keturah Resort, and Keturah Reserve — onto the blockchain, making them accessible to world traders through MultiBank.io’s totally regulated RWA market. As soon as launched, holders of the RWA belongings will have the ability to earn yield distributed day by day on the MultiBank.io platform.
The $MBG token will energy entry, staking, charge funds, and platform engagement, positioning it because the infrastructure layer behind institutional-grade digital asset choices.
As a part of the settlement, MAG will present its premium actual property stock for tokenization, whereas Mavryk will ship the blockchain infrastructure to assist on-chain asset issuance and DeFi integrations. MultiBank Group will oversee regulatory compliance, secondary market liquidity, and platform governance — all strengthened by the $MBG token’s multi-layered utility.
“This isn’t only a actual property deal — it’s a flagship use case for the $MBG token. By enabling seamless entry to $3B in tokenized property, MultiBank turns into the bridge between regulated finance and next-generation funding infrastructure. That is how we make Web3 actual.” stated Zak Taher, Founder and CEO of MultiBank.io.
Talal Al Gaddah, Senior Government Vice Chairman of MAG, stated: “At MAG, we’ve at all times been pushed by excellence and a ardour for shaping the property panorama of tomorrow. Partnering with MultiBank Group marks a milestone in broadening entry to high-value developments and unlocking liquidity through blockchain, whereas preserving uncompromising requirements of transparency and stakeholder safety.”
Alex Davis, Founder and CEO of Mavryk, commented “This collaboration represents a paradigm shift in how real-world belongings are accessed and traded. By leveraging our superior tokenization and DeFi infrastructure, we’re reworking landmark developments into borderless, liquid funding alternatives. Along with MAG and MultiBank Group, we’re laying the technological basis for a clear, scalable future the place institutional-grade belongings can be found on the click on of a button.”
With a buyback-and-burn mannequin tied to platform revenues and staking rewards designed to incentivize long-term engagement, MultiBank Group supplies tangible worth for each retail and institutional customers. From discounted charges and VIP tiers to launchpad entry and real-world asset publicity, the $MBG token is engineered to reward participation and drive ecosystem demand.
The preliminary tokenization of $3 billion is just the start. The platform is constructed to scale as much as $10 billion in belongings, setting the stage for a brand new period of programmable possession and compliant digital investing — with $MBG at its basis
Authorized Disclaimer
The Ritz-Carlton Residences, Dubai, Creekside, aren’t owned, developed, or offered by The Ritz-Carlton Resort Firm, LLC or its associates (“Ritz-Carlton”). MAG of Life FZ-LLC makes use of The Ritz-Carlton marks below a license from Ritz-Carlton, which has not confirmed the accuracy of any of the statements or representations made herein.
About MAG
MAG, is the true property growth arm of MAG Group – a multinational conglomerate primarily based within the UAE, with a 46-year-old legacy. MAG was established in 2003 and its present actual property portfolio ranges from iconic residential towers and communities to extremely luxurious developments that incorporate Bio Dwelling and wellness-focused ideas, that are thought of firsts within the area. With a dedication to excellence, MAG continues to form the way forward for city dwelling, delivering transformative tasks that improve existence and communities.
About MultiBank Group
MultiBank Group, established in California, USA in 2005, is a world chief in monetary derivatives, serving over 2 million shoppers throughout 100 international locations, and boasts a buying and selling quantity that exceeds $35 billion per day throughout the first 4 days in April 2025. Famend for its progressive buying and selling options, strong regulatory compliance, and distinctive customer support, the Group gives an array of brokerage companies and asset administration options. It’s regulated throughout 5 continents by 17 of probably the most respected monetary authorities globally. The Group’s award-winning buying and selling platforms supply as much as 500:1 leverage on a various vary of merchandise, together with Foreign exchange, Metals, Shares, Commodities, Indices, and Cryptocurrencies. MultiBank Group has obtained over 70 monetary awards recognizing its buying and selling excellence and regulatory compliance. For extra data, customers can go to MultiBank Group’s website.
About Mavryk
Mavryk is the Layer-1 blockchain designed to revolutionize asset possession and nurture the RWA neighborhood, constructing the tokenization of belongings for tomorrow. By leveraging RWA tokenization, DeFi functions, and strong infrastructure, Mavryk goals to remodel how people work together with and leverage tokenized belongings. Our imaginative and prescient is to create an interconnected community economic system by the seamless integration of RA with DeFi.
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