From Cointelegraph
May 1, 2025 6:21 am:

MultiBank Group, a financial derivatives institution in Dubai, signs a $3 billion RWA tokenization deal with MAG and Mavryk, the largest initiative of its kind globally. MAG will tokenize its luxury real estate projects on the MultiBank platform, offering daily yield for investors. MBG token will offer trading discounts and more.

MAG partners with Mavryk and MultiBank to tokenize real estate assets. MultiBank will handle compliance and governance, while Mavryk will manage blockchain issuance and DeFi integrations. The MBG token will be central to the platform, providing dual utility and interoperability with the broader DeFi ecosystem. The goal is to scale to $10 billion in tokenized assets.

The MBG token will offer staking, fee payments, VIP tiers, and rewards, with a buyback-and-burn mechanism tied to platform revenues. The platform aims to tokenize high-value, income-generating real estate assets that were previously inaccessible. The partnership comes amid growing interest in RWA tokenization, with BlackRock recently filing for digital ledger technology shares.

BlackRock filed for digital ledger technology shares from its money market fund, tracking the BLF Treasury Trust Fund. The fund holds over $150 million in US Treasury bills and cash. This move follows the trend of increasing interest in blockchain technology and tokenized assets. The market for tokenized treasuries is on the rise, with MultiBank leading the way.

Read more at Cointelegraph: MultiBank, MAG, Mavryk ink world’s largest $3B RWA tokenization deal