MultiBank, MAG, Mavryk ink world’s largest $3B RWA tokenization deal

Quick Summary:

Once tokenized, these assets will be available to global investors and will generate daily yield for holders directly on the platform.“$3B worth of MAG’s real estate will be tokenized as individual RWA tokens on MultiBank’s platform, each represented on the Mavryk blockchain, as the underlying layer-1 infrastructure,” Talal Moafaq Al Gaddah, senior executive vice chairman of MAG, told Cointelegraph.

Al Gaddah added that “$MBG token provides ecosystem utility, including trading discounts, early access to properties, and a deflationary buyback-and-burn model.”Related: BlackRock, five others account for 88% of all tokenized treasury issuanceMultiBank tokenizes MAG real estateMAG, one of the UAE’s most prominent developers, will contribute its premium real estate portfolio for tokenization.

The platform aims to scale beyond the initial $3 billion to as much as $10 billion in tokenized assets.“The goal is to tokenize high-value, income-generating real estate assets that have traditionally been difficult to access or trade.” The announcement comes amid renewed interest in RWA tokenization.

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Article Details

Author / Journalist: Cointelegraph by Amin Haqshanas

Category: Crypto

Markets: United StatesUnited Arab Emirates

Topics: Billion Blockchain Assets Token Tokenization Platform Mavryk Estate Multibank Tokenized Real

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-01 @ 11:21:05 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 480 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28308349

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