MAG, a real estate developer in the United Arab Emirates, has signed a $3 billion tokenization agreement with MultiBank Group, a financial derivatives institution headquartered in Dubai; and Mavryk, a blockchain innovator.
This marks the world’s largest real-world asset (RWA) tokenization initiative to date. The initiative underscores the upcoming launch of $MBG, the utility token at the core of MultiBank’s next-generation digital financial ecosystem.
Through the partnership, MAG’s high-end real estate projects — including The Ritz-Carlton Residences, Dubai, Creekside (part of the Keturah Resort), and Keturah Reserve — will be integrated onto the blockchain and made available to global investors via MultiBank.io’s fully regulated RWA marketplace. After the launch, holders of the tokenized assets will be able to earn daily yields through the MultiBank.io platform.
The $MBG token will enable access, staking, fee payments, and platform utilization, posi
