MultiBank, MAG & Mavryk Sign Historic $3B RWA Tokenization Agreement to Introduce MBG Token and Property on Blockchain

MultiBank, MAG & Mavryk Close World's Largest $3B RWA Tokenization Agreement

Financial derivatives behemoth MultiBank Group, based in Dubai, has inked a historic $3 billion real-world asset (RWA) tokenization deal with one of the UAE's largest real estate developers, MAG, and blockchain infrastructure firm Mavryk.

The transaction is the biggest RWA tokenization project in the world, as per a press release sent to Cointelegraph, and sets the stage for the introduction of MultiBank's native utility token, $MBG.

The partnership will place MAG's ultra-high-end real estate developments — including The Ritz-Carlton Residences, Dubai, Creekside, and the Keturah Reserve — on the blockchain via MultiBank.io's regulated RWA marketplace.

After tokenization, these high-end assets will be available to investors around the world and earn daily yield for holders on the platform.

MAG Real Estate Enters Blockchain

Through the partnership, $3 billion of MAG's real estate will be tokenized into individual RWA tokens on MultiBank's platform, with the tokens residing on the Mavryk layer-1 blockchain.

The $MBG token has utility throughout the ecosystem, such as trading discounts, early access to property, and a deflationary buyback-and-burn model," said Talal Moafaq Al Gaddah, MAG's Senior Executive Vice Chairman.

Participating roles in the RWA Ecosystem

MAG will provide the real estate portfolio.

Mavryk will implement token issuance and DeFi integration.

MultiBank Group will be responsible for regulatory compliance, liquidity, and governance, utilizing the MBG token as the base utility asset.

"MultiBank tokenized assets can be used as collateral for derivatives, bridging traditional finance and DeFi," added Al Gaddah.

These tokens will also be compatible with the wider Mavryk DeFi network, enabling users to take advantage of deeper integrations between decentralized platforms.

MBG Token Provides Utility and Scalability

The newly released MBG token will allow:

Staking

Payment of fees

VIP levels

User rewards

Its buyback-and-burn feature, pegged to platform revenues, is designed to deliver sustainable value to retail and institutional investors alike.

The project intends to expand the volume of tokenized assets past its initial $3B — potentially up to $10 billion of tokenized high-value real estate.

"The ambition is to unlock global access to income-generating real estate assets that were previously illiquid or hard to trade," the announcement stated.

BlackRock and RWA Tokenization Momentum

This historic news comes as institutional interest in RWA tokenization continues to build. On April 30, BlackRock submitted to issue digital ledger technology (DLT) shares for one of its money market funds, establishing a blockchain-based replica of share ownership.

The BLF Treasury Trust Fund (TTTXX) party to the filing has in excess of $150 million in assets, mainly invested in U.S. Treasury bills and cash, and will be administered through BlackRock Advisors and BNY Mellon.

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