MAG, a prominent real estate developer in the UAE, has entered into a significant $3 billion tokenization agreement with MultiBank Group, the largest financial derivatives institution in the world, based in Dubai. This partnership marks the largest initiative of its kind for tokenizing real-world assets (RWA) globally and is set to facilitate the launch of the $MBG token, which is central to MultiBank’s innovative digital finance ecosystem.

Through this collaboration, MAG will tokenize its prestigious real estate projects, including The Ritz-Carlton Residences, Dubai, Creekside, as well as developments within the Keturah Resort and Keturah Reserve. These assets will be accessible to global investors via MultiBank.io’s regulated RWA marketplace. Investors will be able to earn daily yields from the RWA assets once the platform is launched.

The $MBG token is designed to enhance access, staking, fee payments, and overall engagement on the platform, positioning it as a foundational element for high-quality digital asset offerings. Under the terms of the agreement, MAG will contribute its premium real estate listings for tokenization, while Mavryk will provide the blockchain infrastructure necessary for on-chain asset issuance and decentralized finance (DeFi) integrations. MultiBank Group will manage regulatory compliance, ensure market liquidity, and oversee platform governance, all supported by the utility of the $MBG token.

Talal Moafaq Al Gaddah, Senior Executive Vice Chairman of MAG, highlighted the significance of this partnership, stating that it represents a crucial step in expanding access to high-value real estate developments and enhancing liquidity through blockchain technology. He emphasized MAG’s commitment to maintaining high standards of transparency and stakeholder protection.

Zak Taher, Founder and CEO of MultiBank.io, described the initiative as not merely a real estate transaction but as a pioneering use case for the $MBG token. He asserted that this partnership bridges the gap between regulated finance and the emerging investment infrastructure of the future, making the concept of Web3 a reality.

Alex Davis, Founder and CEO of Mavryk, noted that this collaboration signifies a major transformation in the accessibility and trading of real-world assets. He expressed that by utilizing advanced tokenization and DeFi infrastructure, the partnership is creating borderless investment opportunities linked to landmark developments.

With a buyback-and-burn model associated with platform revenues and staking rewards to encourage long-term user participation, MultiBank Group aims to offer substantial value to both retail and institutional users. The $MBG token is structured to provide benefits such as discounted fees, VIP tiers, and exposure to real-world assets, thereby fostering demand within its ecosystem.

The initial phase of tokenizing $3 billion in assets is just the starting point, as the platform is projected to scale up to $10 billion, heralding a new era of compliant digital investing and programmable ownership, with the $MBG token at its core.