MAG and MultiBank Group Forge Landmark $3 Billion Tokenization Deal in Dubai

Real Estate

MAG and MultiBank Group Forge Landmark $3 Billion Tokenization Deal in Dubai

In a groundbreaking move for the global real estate and blockchain sectors, UAE-based real estate giant MAG has announced a strategic partnership with MultiBank Group, the world’s largest financial derivatives institution, and Mavryk, a blockchain infrastructure provider. The partnership aims to tokenize $3 billion worth of MAG’s premium real estate assets, marking the world’s largest real-world asset (RWA) tokenization initiative to date.

This historic agreement introduces a new era of real estate investment by enabling fractional ownership of high-value assets through blockchain technology. At the heart of this initiative is $MBG, the utility token powering MultiBank Group’s upcoming digital finance ecosystem, MultiBank.io. The token will facilitate staking, access, fee payments, and platform engagement, serving as the core infrastructure for the digital asset offerings.

The partnership will see MAG’s flagship projects — The Ritz-Carlton Residences, Dubai, Creekside, part of the Keturah Resort, and Keturah Reserve — integrated into MultiBank.io’s regulated RWA marketplace. These tokenized assets will become accessible to a global investor base, who will also be able to earn daily yield distributions via the platform.

Under the agreement:

MAG will contribute its luxury real estate portfolio for tokenization.
Mavryk will provide the blockchain infrastructure to support on-chain issuance and decentralized finance (DeFi) integrations.
MultiBank Group will ensure regulatory compliance, secondary market liquidity, and platform governance.

“This partnership is a significant milestone for MAG,” said Talal Moafaq Al Gaddah, Senior Executive Vice Chairman of MAG. “We are committed to shaping the property landscape of the future, and this move opens up global access to our high-value developments while unlocking liquidity through blockchain technology.”

Zak Taher, Founder and CEO of MultiBank.io, emphasized the broader impact of the initiative: “This is more than just a real estate agreement. It’s a flagship use case for the $MBG token, which positions MultiBank as a bridge between traditional finance and the digital investment economy.”

The initial $3 billion tokenization marks only the beginning. The platform is designed to scale up to $10 billion in real estate assets, laying the foundation for programmable ownership and fully compliant digital investing.

Legal Disclaimer:
The Ritz-Carlton Residences, Dubai, Creekside, are not owned, developed, or sold by The Ritz-Carlton Hotel Company, LLC or its affiliates (“Ritz-Carlton”). MAG of Life FZ-LLC uses The Ritz-Carlton marks under a license from Ritz-Carlton, which has not confirmed the accuracy of any of the statements or representations made herein.