MAG, MultiBank Group ink $3bn tokenisation deal for real estate assets

UAE-based real estate developer MAG has signed a landmark $3bn agreement with MultiBank Group and blockchain firm Mavryk to tokenise premium real estate assets, marking the largest real-world asset (RWA) tokenisation initiative globally to date.

The partnership will see high-value developments including The Ritz-Carlton Residences, Dubai, Creekside, and Keturah Reserve moved onto the blockchain through MultiBank.io’s regulated RWA marketplace, enabling global digital access to UAE real estate.

The move comes ahead of the launch of $MBG, the utility token for MultiBank Group’s Web3 ecosystem, which will power access, staking, fee payments, and engagement across the platform.

Once live, token holders will be able to earn daily yield from tokenised assets.

“This isn’t just a real estate deal — it is a flagship use case for the $MBG token,” said Zak Taher, founder and CEO of MultiBank.io. “By enabling seamless access to $3bn in tokenised property, MultiBank becomes the bridge between regulated finance and next-generation investment infrastructure.”

What the MAG, MultiBank Group partnership entails

Under the agreement, MAG will provide the real estate inventory for tokenisation, Mavryk will deliver the blockchain infrastructure and DeFi integrations, and MultiBank Group will manage compliance, secondary market liquidity, and platform governance.

“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,” said Talal Moafaq Al Gaddah, senior executive vice chairman of MAG.

Alex Davis, founder and CEO of Mavryk, said the collaboration represents “a paradigm shift in how real-world assets are accessed and traded”.

He added: “We are transforming landmark developments into borderless, liquid investment opportunities.”

The initiative includes a buyback-and-burn model linked to platform revenues and staking rewards to incentivize long-term participation.

MultiBank Group’s $MBG token will offer users discounted fees, VIP tiers, launchpad access, and exposure to tokenised real estate.

The initial $3bn in tokenised assets is intended as a first phase, with the platform built to scale up to $10bn, offering institutional-grade assets in a digitally compliant investment environment.

The Ritz-Carlton Residences, Dubai, Creekside, are not owned, developed, or sold by The Ritz-Carlton Hotel Company or its affiliates. MAG uses The Ritz-Carlton brand under license.