Under the agreement, MAG will supply the real estate assets for tokenization, while Mavryk will create the blockchain framework and integrate decentralized finance solutions.
MAG, MultiBank Group & Mavryk Launch $3B Blockchain Tokenisation of UAE Real Estate
UAE-based real estate developer MAG has signed a landmark $3 billion agreement with MultiBank Group and blockchain firm Mavryk to tokenize premium real estate assets. This initiative marks the world’s largest real-world asset (RWA) tokenisation project to date, revolutionizing how global investors access UAE real estate.
Flagship properties such as The Ritz-Carlton Residences, Dubai, Creekside and Keturah Reserve will be made available on MultiBank.io, a regulated RWA marketplace. This integration allows fractional ownership, daily yield, and borderless access to luxury developments using blockchain technology.
The tokenisation effort supports the launch of $MBG, MultiBank Group’s Web3 utility token, which will serve as the core of the platform — enabling staking, fee payments, and user engagement. Token holders will also benefit from discounted fees, VIP access, and staking rewards, while contributing to a buyback-and-burn model tied to platform revenue.
“This isn’t just a real estate deal — it’s a real-world showcase for the $MBG token,” said Zak Taher, CEO of MultiBank.io. “We're bridging regulated finance with next-gen blockchain infrastructure.”
MAG will supply real estate inventory, Mavryk will manage blockchain integrations and DeFi capabilities, and MultiBank Group will oversee compliance, liquidity, and platform governance. This tri-party collaboration aims to deliver institutional-grade tokenised assets with full regulatory alignment.
The $3 billion in tokenised assets represents Phase 1, with plans to scale the platform to $10 billion, offering both retail and institutional investors access to previously illiquid, high-value properties in a secure and transparent digital format.
While MAG uses The Ritz-Carlton brand under license, the residences are not owned or sold by The Ritz-Carlton Hotel Company or its affiliates.
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