The Dubai financial derivatives institution MultiBank Group has reached a $3 billion RWA tokenization agreement with UAE real estate giant MAG and blockchain infrastructure provider Mavryk, creating the largest scale globally. MAG's luxury real estate projects (such as the Dubai Ritz-Carlton apartments and Keturah Reserve) will be tokenized through MultiBank.io's regulated RWA market, based on the underlying Mavryk blockchain and governed by the MBG token. MAG Senior Vice President Talal Moafaq Al Gaddah stated that the $3 billion real estate will be issued in separate RWA token form, allowing investors to earn daily returns through the platform, with the MBG token providing trading discounts and priority purchasing rights, and adopting a buyback and burn mechanism. (Cointelegraph)

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