MultiBank Group, one of the world's largest financial derivatives institutions, has unveiled a strategic buyback and burn program for its $MBG Utility Token. This initiative is backed by robust H1 2025 financial results, which saw $209 million in revenue (a 20% year-on-year increase) and $170 million in profit.
The buyback program involves repurchasing $MBG tokens from the open market and permanently removing them from circulation to enhance scarcity and drive long-term value for holders. The framework projects up to $58.2 million in buybacks within the first year and a cumulative $440 million over the initial five years.
Since its debut on July 22 across MultiBank.io, MEXC, Gate.io, and Uniswap, $MBG has surged to seven times its listing price, quickly gaining global attention. The token powers MultiBank's four-pillar ecosystem: MultiBank TradFi (generated $362M revenue last year), MEX Exchange ($23.7B institutional ECN), MultiBank.io (regulated crypto exchange), and MultiBank.io RWA (featuring a $3B real estate tokenization deal).
Naser Taher, Founder and Chairman of MultiBank Group, stated: "This is our way of thanking our customers and community for their trust. We've established a solid foundation in traditional finance, and the rapid adoption of $MBG proves we're equally ready to lead in digital assets." He added that the token burn program is just the beginning, with more major announcements expected.
The Group boasts over 2 million clients, 17+ financial licenses across five continents, and a pristine compliance record since 2005. Its growing community includes over 396,000 Telegram members and 280,000 followers on X.
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