MAG, MultiBank Group, and Mavryk Join Forces to Tokenize $3B UAE Real Estate
02.05.2025 08:27
MAG has entered a strategic partnership with MultiBank Group and blockchain firm Mavryk to tokenize $3 billion worth of premium UAE real estate, including The Ritz-Carlton Residences in Dubai, Creekside at the Keturah Resort, and Keturah Reserve. The tokenization effort, delivered via the MultiBank.io regulated RWA marketplace, will enable global investors to gain digital ownership of high-value developments and receive daily yield distributions. The initiative is uniquely supported by $MBG, MultiBank Group’s utility token, which will facilitate staking, transactions, fee payments, and enhanced platform engagement. This move is positioned as the world’s largest real-world asset tokenization project to date and serves as a robust endorsement of leveraging blockchain technology to digitize and unlock liquidity in traditionally illiquid assets. The collaboration is built to scale, with a future expansion goal of supporting up to $10 billion in tokenized assets, thereby integrating regulated finance with next-generation investment infrastructure.
The news is expected to positively impact $MBG as its integration in a landmark real estate tokenization project enhances its utility and market visibility. Short-term price increases may occur due to investor enthusiasm stemming from the partnership and daily yield distribution feature, while long-term gains may be supported by increased utility of the token in staking and platform fees. Factors such as the involvement of established market players, regulatory compliance, and scalable infrastructure further bolster the potential for a sustained upward price trajectory.
Sources
MultiBank, MAG, Mavryk Launch $3B Tokenization Deal
altcoinbuzz.io
02.05.2025 10:13
MAG and MultiBank Group Partner to Tokenize $3 Billion in UAE Real Estate
Financefeeds
02.05.2025 07:45
MultiBank Institution Finalizes $3 Billion Tokenization Deal with UAE Real Estate Company MAG
coinfomania.com
01.05.2025 13:35
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