MAG, a top developer in the UAE, has signed a US$ 3bn tokenization agreement with MultiBank Group, the world’s largest financial derivatives institution based in Dubai, and Mavryk, a leading blockchain innovator, marking the largest real-world asset (RWA) tokenization initiative globally to date.
The partnership will bring MAG’s high-value real estate developments — The Ritz-Carlton Residences, Dubai, Creekside, which is part of the Keturah Resort, and Keturah Reserve — onto the blockchain, making them available to global investors via MultiBank.io’s fully regulated RWA marketplace.
The $MBG token will power access, staking, fee payments, and platform engagement, positioning it as the infrastructure layer behind institutional-grade digital asset offerings.
Blockchain infrastructure
As part of the agreement, MAG will provide its premium real estate inventory for tokenization, while Mavryk will deliver the blockchain infrastructure to support on-chain asset issuance and DeFi integrations. MultiBank Group will oversee regulatory compliance, secondary market liquidity, and platform governance — all reinforced by the $MBG token’s multi-layered utility.
“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,” stated Talal Moafaq Al Gaddah, Senior Executive Vice Chairman, MAG.
“MultiBank becomes the bridge between regulated finance and next-generation investment infrastructure. This is how we make Web3 real,” commented Zak Taher, Founder and CEO, MultiBank.io.
“Together with MAG and MultiBank Group, we are laying the technological foundation for a transparent, scalable future where institutional-grade assets are available at the click of a button,” remarked Alex Davis, Founder and CEO, Mavryk.
