VARA License Paves Way for MultiBank and MAG’s $3B Real Estate Tokenization

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VARA License Paves Way for MultiBank and MAG’s $3B Real Estate Tokenization

Friday, 02/05/2025 | 11:45 GMT by
Tareq Sikder

  • The $MBG utility token will support platform access, staking, and fee payments.
  • The initiative plans to scale from $3B to $10B in real-world asset tokenization.

Naser Taher, Chairman of MultiBank Group

Naser Taher, Chairman, MultiBank Group

Dubai-based real estate developer MAG has signed a $3
billion agreement with MultiBank Group and Mavryk. The deal involves tokenizing
real-world assets (RWAs), making it the largest initiative of its kind to date.

The agreement will bring MAG’s high-value properties onto
the blockchain. These include The Ritz-Carlton Residences, Dubai, Creekside,
and Keturah Reserve. Investors will be able to access them through
MultiBank.io.

VARA License Enables MultiBank.io Tokenization Platform

MultiBank.io, the platform hosting the tokenized assets, is
operated by MEX Digital FZE, a UAE-based subsidiary of MultiBank Group. The
entity recently secured a Virtual Asset Service Provider (VASP) license
from Dubai’s Virtual Assets Regulatory Authority (VARA).

The license permits broker-dealer and exchange activities
for virtual assets, excluding derivatives. This regulatory approval supports
the infrastructure behind the tokenization initiative and marks the group’s
broader entry into the digital asset space.

The tokenized assets will be available to global investors.
Once launched, holders of these assets will receive daily yield distributions
through the platform.

MAG has signed a historic USD 3 billion tokenization agreement with MultiBank Group and Mavryk, marking one of the largest RWA tokenization initiative globally to date.https://t.co/41ZboMEoNm#WBO #MAG #multibank #mavryk #agreement #financial #blockchain #digital #platform #RWA pic.twitter.com/3bFgCQVpj6

— World Business Outlook (@wboutlook) May 2, 2025

You may find it interesting at FinanceMagnates.com: Multi
Bank’s New Venture MEX Orient Aims to Enter 14 Countries in 3 Years.

$MBG Token Supports MultiBank’s $3B Tokenization Deal

A new utility token, $MBG, will support the system. It will
be used for access, staking, paying fees, and interacting with the platform.
MultiBank Group stated that the token is central to its digital finance
ecosystem.

Under the agreement, MAG will provide the real estate
assets. Mavryk will build the blockchain infrastructure. MultiBank Group will
manage regulatory compliance, liquidity, and platform governance.

The $3 billion tokenization is the first phase. The platform
is expected to scale up to $10 billion in assets. The move aims to create a
compliant framework for digital investments based on tokenized ownership.

Dubai-based real estate developer MAG has signed a $3
billion agreement with MultiBank Group and Mavryk. The deal involves tokenizing
real-world assets (RWAs), making it the largest initiative of its kind to date.

The agreement will bring MAG’s high-value properties onto
the blockchain. These include The Ritz-Carlton Residences, Dubai, Creekside,
and Keturah Reserve. Investors will be able to access them through
MultiBank.io.

VARA License Enables MultiBank.io Tokenization Platform

MultiBank.io, the platform hosting the tokenized assets, is
operated by MEX Digital FZE, a UAE-based subsidiary of MultiBank Group. The
entity recently secured a Virtual Asset Service Provider (VASP) license
from Dubai’s Virtual Assets Regulatory Authority (VARA).

The license permits broker-dealer and exchange activities
for virtual assets, excluding derivatives. This regulatory approval supports
the infrastructure behind the tokenization initiative and marks the group’s
broader entry into the digital asset space.

The tokenized assets will be available to global investors.
Once launched, holders of these assets will receive daily yield distributions
through the platform.

MAG has signed a historic USD 3 billion tokenization agreement with MultiBank Group and Mavryk, marking one of the largest RWA tokenization initiative globally to date.https://t.co/41ZboMEoNm#WBO #MAG #multibank #mavryk #agreement #financial #blockchain #digital #platform #RWA pic.twitter.com/3bFgCQVpj6

— World Business Outlook (@wboutlook) May 2, 2025

You may find it interesting at FinanceMagnates.com: Multi
Bank’s New Venture MEX Orient Aims to Enter 14 Countries in 3 Years.

$MBG Token Supports MultiBank’s $3B Tokenization Deal

A new utility token, $MBG, will support the system. It will
be used for access, staking, paying fees, and interacting with the platform.
MultiBank Group stated that the token is central to its digital finance
ecosystem.

Under the agreement, MAG will provide the real estate
assets. Mavryk will build the blockchain infrastructure. MultiBank Group will
manage regulatory compliance, liquidity, and platform governance.

The $3 billion tokenization is the first phase. The platform
is expected to scale up to $10 billion in assets. The move aims to create a
compliant framework for digital investments based on tokenized ownership.

Tareq Sikder

  • 1503 Articles
  • 23 Followers

A Forex technical analyst and writer who has been engaged in financial writing for 12 years.

  • 1503 Articles
  • 23 Followers

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