{"id":128371,"date":"2025-05-01T11:21:46","date_gmt":"2025-05-01T11:21:46","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=128371"},"modified":"2025-05-01T11:21:46","modified_gmt":"2025-05-01T11:21:46","slug":"multibank-mag-mavryk-ink-worlds-largest-3b-rwa-tokenization-deal","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=128371","title":{"rendered":"MultiBank, MAG, Mavryk ink world\u2019s largest $3B RWA tokenization deal"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsMultiBank Group, the world\u2019s largest financial derivatives institution based in Dubai, has signed a landmark $3 billion real-world asset (RWA) tokenization agreement with United Arab Emirates (UAE)-based real estate giant MAG and blockchain infrastructure provider Mavryk.<br \/>\nThe deal represents the largest RWA tokenization initiative globally to date and highlights the upcoming launch of MultiBank\u2019s native utility token, MBG, according to a press release shared with Cointelegraph.<br \/>\nThe partnership will bring MAG\u2019s ultra-luxury real estate projects \u2014 including The Ritz-Carlton Residences, Dubai, Creekside and the Keturah Reserve \u2014 onto the blockchain via MultiBank.io\u2019s regulated RWA marketplace.<br \/>\nOnce tokenized, these assets will be available to global investors and will generate daily yield for holders directly on the platform.<br \/>\n\u201c$3B worth of MAG\u2019s real estate will be tokenized as individual RWA tokens on MultiBank\u2019s platform, each represented on the Mavryk blockchain, as the underlying layer-1 infrastructure,\u201d Talal Moafaq Al Gaddah, senior executive vice chairman of MAG, told Cointelegraph.<br \/>\nAl Gaddah added that \u201c$MBG token provides ecosystem utility, including trading discounts, early access to properties, and a deflationary buyback-and-burn model.\u201d<br \/>\nRelated: BlackRock, five others account for 88% of all tokenized treasury issuance<br \/>\nMultiBank tokenizes MAG real estate<br \/>\nMAG, one of the UAE\u2019s most prominent developers, will contribute its premium real estate portfolio for tokenization.<br \/>\nMavryk will handle blockchain issuance and DeFi integrations, while MultiBank Group will manage regulatory compliance, liquidity and governance, with the MBG token at the core of the system.<br \/>\n\u201cTokenized assets issued by MultiBank will have dual utility. Within the MultiBank Group, they can be used as collateral for derivatives, creating a seamless bridge between traditional finance and tokenized assets,\u201d Al Gaddah said.<br \/>\nHe said that these tokens are fully interoperable with the broader Mavryk DeFi ecosystem.<br \/>\nThe tokenized treasuries market is rising. Source: RWA.xyzMBG token adds platform utility<br \/>\nThe MBG token will power staking, fee payments, VIP tiers and user rewards. It also features a buyback-and-burn mechanism tied to platform revenues, creating long-term value for both institutional and retail participants.<br \/>\nThe platform aims to scale beyond the initial $3 billion to as much as $10 billion in tokenized assets.<br \/>\n\u201cThe goal is to tokenize high-value, income-generating real estate assets that have traditionally been difficult to access or trade.\u201d\u00a0<br \/>\nThe announcement comes amid renewed interest in RWA tokenization.<br \/>\nOn April 30, BlackRock filed to create digital ledger technology shares from one of the firm\u2019s money market funds, which will leverage blockchain technology to maintain a mirror record of share ownership for investors.<br \/>\nThe DLT shares will\u00a0track\u00a0BlackRock\u2019s BLF Treasury Trust Fund (TTTXX), which may only be purchased from BlackRock Advisors and The Bank of New York Mellon (BNY).<br \/>\nThe money market fund holds over $150 million worth of assets, invested almost entirely in US Treasury bills and cash.<br \/>\nMagazine:\u00a0TV hit Peaky Blinders to launch crypto game, FIFA Rivals on Polkadot: Web3 Gamer<a href=\"https:\/\/cointelegraph.com\/news\/multibank-mag-mavryk-3b-rwa-tokenization-launch?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsMultiBank Group, the world\u2019s largest financial derivatives institution based in Dubai, has signed a landmark $3 billion real-world asset (RWA) tokenization agreement with United Arab Emirates (UAE)-based real&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128371"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128371"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128371\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128371"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}