MAG to tokenize $3 billion in real estate in landmark deal with MultiBank and Mavryk

Dubai-based real estate giant MAG has entered a groundbreaking $3 billion agreement with MultiBank Group and blockchain innovator Mavryk to tokenize a portfolio of luxury properties, marking the largest real-world asset (RWA) tokenization project to date.

The partnership will bring MAG’s flagship developments — including The Ritz-Carlton Residences, Dubai, Creekside and Keturah Reserve — onto the blockchain. Through MultiBank.io’s fully regulated RWA marketplace, these assets will be made accessible to a global pool of investors.

The move also paves the way for the debut of $MBG, MultiBank’s new utility token. $MBG will power everything on the platform — from staking and fee payments to yield distribution — making it the backbone of MultiBank’s next-generation digital finance ecosystem.

Once live, token holders will be able to earn daily yield on the platform, unlocking new levels of liquidity and investor access in Dubai’s premium real estate market.

Under the terms of the agreement:

• MAG will provide real estate assets for on-chain tokenization.
• Mavryk will deliver the underlying blockchain infrastructure and DeFi integrations.
• MultiBank Group will manage compliance, secondary market liquidity, and platform governance.

Talal Moafaq Al Gaddah, Senior Executive Vice Chairman of MAG, said:

Partnering with MultiBank Group is a major step toward democratising access to high-value real estate and unlocking liquidity through blockchain. At MAG, we’re committed to shaping the property landscape of tomorrow.

Zak Taher, CEO of MultiBank.io, added:

This is more than a real estate deal — it’s a flagship use case for $MBG. By tokenizing $3 billion in property, we’re bridging the gap between traditional finance and digital assets.