MultiBank Group, the world’s largest financial derivatives institution based in Dubai, has entered a groundbreaking $3 billion real-world asset (RWA) tokenization deal with UAE's real estate giant MAG and blockchain provider Mavryk. This partnership marks the largest RWA tokenization project globally and signals the upcoming launch of MultiBank’s utility token, MBG. MAG's luxury real estate projects will be tokenized on MultiBank.io’s RWA marketplace, offering global investors daily yields. The MBG token will provide various benefits like trading discounts and early property access. MAG will contribute its premium real estate portfolio for tokenization, while Mavryk will handle blockchain issuance and DeFi integrations. MultiBank Group will oversee regulatory compliance and governance, with the MBG token playing a central role. The platform aims to scale up to $10 billion in tokenized assets, showcasing the growing interest in RWA tokenization. Read more AI-generated news on: https://app.chaingpt.org/news
