Introduction
In a groundbreaking development for the financial and real estate sectors, MultiBank Group has entered into a historic $3 billion tokenization agreement with MAG Lifestyle Development and Mavryk. This collaboration signifies the largest real-world asset (RWA) tokenization initiative globally, heralding a new era in investment accessibility and transparency.
The Tokenization Agreement
Signed on May 6th, 2025, this agreement will facilitate the available tokenization of MAG’s high-end real estate projects, including The Ritz-Carlton Residences and Keturah Reserve. Investors from around the globe can now gain access to these premier developments through MultiBank’s fully regulated RWA marketplace, MultiBank.io, paving the way for a new approach to asset investment.
With the imminent introduction of the $MBG token, participants can expect a utility token that grants access to a range of financial services, including staking, fee payments, and engagement within the platform’s digital finance ecosystem. This token is designed to serve as the backbone for institutional-grade digital asset offerings, thus enhancing the traditional investment landscape.
Core Collaborations and Infrastructure
As part of this partnership, MAG will provide its premium real estate inventory, while Mavryk will deliver essential blockchain infrastructure for on-chain asset issuance and DeFi integrations. MultiBank Group’s oversight will ensure the regulatory compliance and liquidity essential for a thriving secondary market, supplemented by the robust utility of the $MBG token.
Zak Taher, Founder and CEO of MultiBank.io, emphasized the strategic importance of this initiative: “By enabling seamless access to $3B in tokenized property, MultiBank becomes the bridge between regulated finance and next-generation investment infrastructure.”
Talal Al Gaddah, Senior Executive Vice Chairman of MAG, expressed his enthusiasm by stating, “Partnering with MultiBank Group marks a milestone in broadening access to high-value developments and unlocking liquidity via blockchain, while preserving uncompromising standards of transparency and stakeholder protection.”
Alex Davis, Founder and CEO of Mavryk, noted, “This collaboration represents a paradigm shift in how real-world assets are accessed and traded. Together with MAG and MultiBank Group, we are laying the technological foundation for a transparent, scalable future.”
A New Path for Investors
The tokenization model, including a buyback-and-burn component linked to platform revenues and staking rewards, is designed to provide real value to both retail and institutional investors. Features such as discounted fees, VIP tiers, and exclusive access to launchpads and real-world asset exposure will incentivize users to engage with the ecosystem.
As the initial tokenization of $3 billion sets the foundation, there are plans to scale this initiative to $10 billion in assets. This ambitious goal marks the advent of a programmable ownership landscape where compliant digital investing is the norm.
Conclusion
MultiBank Group’s partnership with MAG and Mavryk not only showcases the potential of blockchain technology in real estate but also symbolizes a shift towards a more inclusive financial environment. As tokenization expands, it is positioned to revolutionize how assets are traded and owned, offering unprecedented access to both local and global investors.
Disclaimer
The Ritz-Carlton Residences, Dubai, Creekside, are not owned, developed, or sold by The Ritz-Carlton Hotel Company, LLC or its affiliates.
About the Organizations
MAG is a prominent real estate developer in the UAE with a commitment to excellence and innovation. MultiBank Group is a global leader in financial derivatives, renowned for its regulatory compliance and customer service. Mavryk is a leader in blockchain innovation, focusing on the transformation of asset ownership through RWA tokenization and DeFi applications.
