MAG Partners to Launch Groundbreaking $3 Billion Real Estate Tokenization Initiative
In a milestone for the global real estate and blockchain sectors, MAG, a prominent UAE-based real estate developer, has entered into a transformative agreement involving a staggering $3 billion in tokenization. This partnership includes MultiBank Group, a notable UAE financial derivatives entity, and Mavryk, an innovator in blockchain technology, marking a historic venture in the asset tokenization landscape.
Tokenization of Premium Real Estate
This initiative is designed to tokenize MAG’s exclusive real estate projects, including:
- The Ritz-Carlton Residences, Dubai
- Dubai Creekside, part of the Keturah Resort
- Keturah Reserve
These developments will be integrated into the blockchain, providing a gateway for global investors through MultiBank.io’s regulated marketplace for Real-World Assets (RWAs). By participating, token holders can earn daily yield through the platform.
The $MBG Token: A Versatile Digital Asset
Central to this initiative is the $MBG token, which plays an essential role in enhancing platform engagement. Its utility spans across:
- Access to real estate properties
- Staking capabilities
- Fee payments
As the foundational piece of MultiBank’s digital finance ecosystem, $MBG is positioned to facilitate institutional-grade digital asset offerings.
Key Roles of the Partners
Under the terms of the agreement, MAG will allocate its premium real estate inventory for the tokenization process. Mavryk will provide the necessary blockchain infrastructure to enable on-chain asset issuance and integrate decentralized finance (DeFi) elements. Meanwhile, MultiBank Group will manage critical aspects such as:
- Regulatory compliance
- Secondary market liquidity
- Platform governance
This multifaceted approach is reinforced by the diverse utility of the $MBG token.
Statements from Leadership
Talal Moafaq Al Gaddah, Senior Executive Vice Chairman of MAG, emphasized the company’s commitment to excellence, stating, “At MAG, we have always been driven by excellence and a passion for shaping the property landscape of tomorrow. Partnering with MultiBank Group marks a milestone in broadening access to high-value developments and unlocking liquidity via blockchain, while preserving uncompromising standards of transparency and stakeholder protection.”
Zak Taher, Founder and CEO of MultiBank.io, added, “This isn’t just a real estate deal — it is a flagship use case for the $MBG token. By enabling seamless access to $3B in tokenized property, MultiBank becomes the bridge between regulated finance and next-generation investment infrastructure. This is how we make Web3 real.”
Alex Davis, Founder and CEO of Mavryk, highlighted the collaborative nature of the project, stating, “This collaboration represents a paradigm shift in how real-world assets are accessed and traded. By leveraging our advanced tokenization and DeFi infrastructure, we are transforming landmark developments into borderless, liquid investment opportunities.”
A Look Ahead
With an innovative buyback-and-burn model linked to platform revenues and staking rewards designed for long-term engagement, MultiBank Group aims to deliver substantial value for both retail and institutional investors. Features include:
- Discounted fees
- VIP access tiers
- Exclusive launchpad opportunities
The initial tokenization of $3 billion is only the beginning, with aspirations to scale up to $10 billion in assets. This initiative sets the stage for a dynamic shift towards programmability in ownership and compliant digital investing, anchored by the $MBG token.