MAG, one of the UAE’s leading real estate developers, has entered into a landmark $3 billion tokenization agreement with Dubai-based MultiBank Group — the world’s largest financial derivatives institution — and blockchain innovator Mavryk. The deal marks the largest real-world asset (RWA) tokenization initiative globally to date and sets the stage for the launch of $MBG, the utility token powering MultiBank’s upcoming digital finance ecosystem.
Under the agreement, MAG’s prestigious developments — including The Ritz-Carlton Residences, Dubai, Creekside, part of the Keturah Resort, and Keturah Reserve — will be tokenized and made accessible to global investors through MultiBank.io’s fully regulated RWA marketplace. Once live, investors holding tokenized assets will be able to earn daily yield via the platform.
The $MBG token will serve as the core utility across the ecosystem, enabling access, staking, fee payments, and platform engagement — positioning it as the foundational layer of a next-generation, institutional-grade digital asset platform.
MAG will contribute its premium real estate portfolio for tokenization, while Mavryk will supply the blockchain infrastructure for on-chain asset issuance and DeFi integrations. MultiBank Group will manage compliance, secondary market liquidity, and platform governance.
Talal Moafaq Al Gaddah, Senior Executive Vice Chairman of MAG, commented: “At MAG, we have always been driven by excellence and a passion for shaping the property landscape of tomorrow. Partnering with MultiBank Group marks a milestone in broadening access to high-value developments and unlocking liquidity via blockchain.”
Zak Taher, Founder and CEO of MultiBank.io, added: “This isn’t just a real estate deal — it is a flagship use case for the $MBG token. By enabling seamless access to $3B in tokenized property, MultiBank becomes the bridge between regulated finance and next-generation investment infrastructure.”
The $3 billion tokenization is only the beginning — the platform is built to support up to $10 billion in tokenized real estate assets, ushering in a new era of programmable ownership, digital liquidity, and compliant blockchain-based investing.