MAG Signs $3 Billion Real Estate Tokenisation Deal — World’s Largest RWA Initiative

Monday, 5 May 2025

UAE-based developer MAG has entered into a groundbreaking $3 billion agreement with MultiBank Group and blockchain innovator Mavryk to tokenize premium real estate assets, including The Ritz-Carlton Residences and Keturah Reserve, marking the world’s largest real-world asset (RWA) tokenisation project to date.

Highlights:

• MAG, a leading UAE real estate developer, has signed a $3 billion real estate tokenisation agreement with MultiBank Group and Mavryk, establishing the largest RWA tokenisation project globally.
• The initiative will tokenize The Ritz-Carlton Residences, Dubai, Creekside (part of Keturah Resort) and Keturah Reserve, making them accessible to global investors via MultiBank.io’s regulated RWA marketplace.
• Investors will be able to earn daily yield on the MultiBank.io platform through their tokenised property holdings.
• The Dubai Land Department’s recent launch of a Real Estate Tokenisation Project supports fractional property ownership via blockchain, further validating this initiative.
• Tokenisation allows real estate assets to be divided into digital shares, enabling fractional ownership based on investor budgets.
• The launch of $MBG, the utility token of the MultiBank ecosystem, will power access, staking, fee payments, and engagement across the platform.
• The infrastructure is built to scale from $3 billion to $10 billion, ushering in a new era of programmable ownership and compliant digital investing.
• MAG will contribute high-value inventory, Mavryk will provide blockchain infrastructure, and MultiBank Group will handle regulatory compliance, secondary market liquidity, and governance.
• The $MBG token will include a buyback-and-burn model, staking rewards, and tiered incentives for both retail and institutional investors.