Dubai, United Arab Emirates, May 6, 2025, Chain Wire
Multibank Group, the world’s largest financial derivatives institution, has signed the historic $3 billion tokenization contract MAG Lifestyle Development, a leading UAE real estate developer. The initiative highlights the imminent launch of Mbg, a utility token, which is at the heart of Multibank’s next-generation digital finance ecosystem.
This partnership will allow MAG’s high-value real estate development (part of Ritz-Carlton Residence, Dubai, and Ketura Resort), Ketura Reserve to join the blockchain and make it available to global investors through MultiBank.io’s fully regulated RWA market. Once launched, holders of RWA assets will earn daily distributed yields on the MultiBank.io platform.
$MBG tokens provide power access, staking, paying fees, platform engagement and place them as the infrastructure layer behind agency-grade digital asset delivery.
As part of the agreement, MAG will provide premium real estate inventory for tokenization, while Mavryk will provide blockchain infrastructure to support the issuance and integration of on-chain assets. Multibank Group oversees regulatory compliance, secondary market liquidity, and platform governance. All of this is enhanced by Mbg Token’s multi-layer utility.
“This is more than just a real estate transaction. It’s a flagship use case for $Mbg tokens. By providing seamless access to $300 million with tokenized properties, Multibank is a bridge between regulated finance and next-generation investment infrastructure. This is how Web3 is made realistic,” says Zak Taher, founder and CEO of Multibank.io.
Talal Al Gaddah, Senior Vice-President of Mag, said: “At MAG, we have always been passionate about excellence and shaping the real estate landscape of tomorrow. Our partnership with Multibank Group marks milestones to expand access to high-value development and unlock liquidity through blockchain.
Mavryk founder and CEO Alex Davis commented. “This collaboration represents a paradigm shift in how real-world assets are accessed and traded. By leveraging advanced tokenization and Defi infrastructure, it transforms landmark development into a boundary-free liquid investment opportunity. Available at the click of the button.”
With a buyback model associated with the platform’s revenues and stakeholder compensation designed to encourage long-term engagement, Multibank Group offers tangible value for both retail and institutional users. From discounted rates and VIP tiers to LaunchPad access and exposure to real-world assets, Mbg Token is designed to reward participation and drive the demand for the ecosystem.
The first $3 billion tokenization is just the beginning. The platform is built to expand assets of up to $10 billion and sets the stage for a new era of programmable ownership and compliant digital investment.
Legal Disclaimer
The Ritz-Carlton Residences in Dubai, Creekside is not owned, developed or sold by Ritz-Carlton Hotel Company, LLC or its affiliates (the “Ritz-Carlton”). Mag of Life FZ-llc uses the Ritz-Carlton mark under license from Ritz-Carlton.
About the magazine
Mag is the real estate development division of Mag Group. It is a multinational conglomerate based in the UAE and has a 46-year-old legacy. Founded in 2003, MAG’s current real estate portfolio ranges from iconic residential towers and communities to ultra-luxury developments that incorporate concepts focused on bioliving and wellness. With its commitment to excellence, Mag continues to shape the future of urban life and offers transformative projects that strengthen lifestyles and communities.
About Multibank Group
Founded in California, USA in 2005, Multibank Group is a global leader in financial derivatives, serving over 2 million clients in 100 countries, boasting trading volumes of over $35 billion per day in the first four days of April 2025. It is regulated across five continents by 17 of the world’s most reputable financial authorities. The group’s award-winning trading platform offers leverage of up to 500:1 for a variety of products, including forex, metals, stocks, commodities, indexes, cryptocurrencies and more. Multibank Group has received over 70 financial awards recognising trading excellence and regulatory compliance. For more information, users can visit the Multibank Group website.
About Mabrick
Mavryk is a Layer-1 blockchain designed to revolutionize asset ownership and nurture the RWA community, building the tokenization of tomorrow’s assets. By leveraging RWA tokenization, Defi applications and robust infrastructure, Mavryk aims to transform individuals’ interaction and utilization of tokenized assets. Our vision is to create an interconnected network economy through the seamless integration of RA and DEFI.
contact
Nasser Simé
nasser@cbpr.me
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