Dubai’s MultiBank Group Strikes $3B Deal to Tokenize MAG’s Luxury Real Estate
World’s Largest Real-World Asset Tokenization Deal to Launch on Mavryk Blockchain
In a groundbreaking development for the digital asset industry, Dubai-based MultiBank Group has signed a $3 billion deal to tokenize ultra-luxury real estate owned by MAG Group, one of the United Arab Emirates’ leading developers. This strategic partnership also involves blockchain firm Mavryk, which will provide the Layer-1 infrastructure powering the tokenized assets.
The agreement represents the largest real-world asset (RWA) tokenization project globally to date and marks a significant leap in the convergence of blockchain technology and traditional finance. These tokenized properties — including The Ritz-Carlton Residences, Dubai, Creekside and the Keturah Reserve — will be made available on MultiBank.io’s regulated RWA marketplace, offering global investors fractional ownership and daily yield via a decentralized platform.
MBG Token at the Core of the Digital Real Estate Ecosystem
At the heart of this initiative is the MBG token, the native utility token of MultiBank’s new blockchain platform. According to MAG’s Senior Executive Vice Chairman Talal Moafaq Al Gaddah, $3 billion worth of MAG’s real estate assets will be represented as RWA tokens, each fully backed and managed on Mavryk’s blockchain.
The MBG token unlocks trading discounts, early access to property offerings, and a deflationary buyback-and-burn model designed to increase long-term value. It will also serve multiple functions such as staking, fee payment, tiered access levels, and user rewards.
Traditional Finance Meets DeFi with Tokenized Collateral
MultiBank plans to bridge the gap between DeFi and traditional finance by allowing tokenized assets to be used as collateral for derivatives trading. In addition, Mavryk will manage blockchain issuance and DeFi integrations, while MultiBank ensures regulatory compliance, platform liquidity, and asset governance.
These tokens will be fully interoperable within the Mavryk DeFi ecosystem, offering a seamless experience for both institutional and retail investors.
Al Gaddah confirmed that the project’s scope is poised to expand: “The goal is to scale from $3 billion to $10 billion in tokenized real estate, focusing on high-value, income-generating properties that have traditionally been hard to access.”
Tokenization Momentum Builds with Global Giants
The announcement coincides with a growing wave of institutional interest in RWA tokenization. On April 30, asset management behemoth BlackRock filed to launch blockchain-tracked shares of its BLF Treasury Trust Fund (TTTXX) — a money market fund with over $150 million in assets, mostly in U.S. Treasury bills and cash.
These moves underscore how tokenization is no longer a fringe experiment but a rising pillar of modern finance, offering liquidity, transparency, and global access to previously illiquid assets.
Share This
