UAE developer inks world's largest real estate tokenisation deal
The partnership will bring MAG's high-value real estate developments — The Ritz-Carlton Residences, Dubai, Creekside, which is part of the Keturah Resort, and Keturah Reserve — onto the blockchain, making them available to global investors via MultiBank.io's fully regulated RWA marketplace. Once launched, holders of the RWA assets will be able to earn yield distributed daily on the MultiBank.io platform.
On March 19, the Dubai Land Department (DLD) launched the pilot phase of the Real Estate Tokenisation Project, which seeks to diversify property ownership by allowing multiple investors to co-own a single property through tokenised real estate assets.
Real estate tokenisation transforms real estate assets into digital tokens using blockchain technology. Each asset is divided into shares based on an investor's budget and financial strategy, enabling fractional property ownership.
The initiative highlights the imminent launch of $MBG, the utility token at the core of MultiBank's next-generation digital finance ecosystem. The $MBG token will power access, staking, fee payments, and platform engagement, positioning it as the infrastructure layer behind institutional-grade digital asset offerings.
The initial tokenisation of $3 billion is just the beginning. The platform is built to scale up to $10 billion in assets, setting the stage for a new era of programmable ownership and compliant digital investing — with $MBG at its foundation.
As part of the agreement, MAG will provide its premium real estate inventory for tokenisation, while Mavryk will deliver the blockchain infrastructure to support on-chain asset issuance and DeFi integrations. MultiBank Group will oversee regulatory compliance, secondary market liquidity, and platform governance — all reinforced by the $MBG token's multi-layered utility.
Talal Moafaq Al Gaddah, Senior Executive Vice Chairman of MAG, said: 'At MAG, we have always been driven by excellence and a passion for shaping the property landscape of tomorrow. Partnering with MultiBank Group marks a milestone in broadening access to high-value developments and unlocking liquidity via blockchain, while preserving uncompromising standards of transparency and stakeholder protection.'
'This isn't just a real estate deal — it is a flagship use case for the $MBG token. By enabling seamless access to $3B in tokenised property, MultiBank becomes the bridge between regulated finance and next-generation investment infrastructure. This is how we make Web3 real.' said Zak Taher, Founder and CEO of MultiBank.io.
Alex Davis, Founder and CEO of Mavryk, said: 'This collaboration represents a paradigm shift in how real-world assets are accessed and traded. By leveraging our advanced tokenisation and DeFi infrastructure, we are transforming landmark developments into borderless, liquid investment opportunities. Together with MAG and MultiBank Group, we are laying the technological foundation for a transparent, scalable future where institutional-grade assets are available at the click of a button.'
With a buyback-and-burn model tied to platform revenues, and staking rewards designed to incentivise long-term engagement, MultiBank Group provides tangible value for both retail and institutional users. From discounted fees and VIP tiers to launchpad access and real-world asset exposure, the $MBG token is engineered to reward participation and drive ecosystem demand.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
4 hours ago
- Zawya
Bybit amplifies Web3 crypto lifestyle in Careem app, launching MENA marketing campaign
Bybit, the world's second-largest cryptocurrency exchange by trading volume, continues to deliver on the promise of borderless crypto lifestyle in a massive wave of Web2 partnerships. Starting in MENA, where its Dubai headquarters is based, Bybit is connecting the dots between Web2 and Web3 with a variety of local partners. The campaign seamlessly integrates crypto into real-world experiences. From gaming lounges to concert venues, sports stadiums to restaurants, and ride-sharing services, Bybit is creating an ecosystem where as accessible as—and potentially more rewarding than, traditional payment methods. These partnerships span entertainment, music, culture, sports, dining, and transportation, allowing crypto assets to empower lifestyle choices. Starting in June, MENA users are introduced to the Bybit brand through advertisements within Careem, the region's most-loved super app. These coordinated ads invite current Bybit users and potential new joiners to discover exclusive deals and offers available directly through Bybit's platform. Bybit's crypto-native services and payment solutions can be accessed via Bybit's app and website, encouraging users to explore how digital assets can enhance their everyday experiences throughout an exciting summer. Powered by Bybit: Crypto as a Lifestyle Leading in financial innovation, Bybit has been committed to shaping the future of crypto to the needs of its customers. It has evolved beyond a marketplace for crypto trading into a lifestyle choice. The partnership with Careem is the latest addition to Bybit's global footprint in collaborations: in Dubai, Bybit Card holders enjoy up to 30% off in services and room rates at the Grand Millennium Dubai; the golden city's Dubai Multi Commodities Centre (DMCC) is a long-term partner of Bybit in innovation and blockchain education. The Bybit Card also unlocks perks everywhere for its users from airport lounges to AI co-pilot subscriptions. 'Our local partners represent some of the most popular lifestyle choices in each community,' said Claudia Wang, Head of Marketing at Bybit. 'We are grounded in customer-centricity: there is no real boundary in 'old-school' and Web3 marketing. We are everywhere our customers want us to be. Bybit as the brand is visible, accessible, and relatable across touch points,' she shared on the philosophy of the campaign. The range of partnerships and local promotions are expected to cover more regions in the coming months. Over 70 millions of Bybit users possess first-mover advantage as early investors of 'smart money', and the onchain economy stands to provide them a path to financial freedom and elevated way of life. Whatever their needs, their crypto goals are achievable on Bybit's versatile platform for trading, custody, wealth management, payments, and Bybit-only rewards. The new campaign represents Bybit's commitment to making crypto adoption effortless and rewarding through localization, positioning the MENA region as a testing ground for the future of integrated digital finance.
Zawya
10 hours ago
- Zawya
DL Holdings Solidifies Web3.0 with "3-Phase" Plan
HONG KONG SAR - Media OutReach Newswire - 24 July 2025 - Recently, DL Holdings Group ( has entered into strategic cooperation agreements with ViaBTC, Asseto, and Rich Dragon Consultants, while actively advancing the tokenization of HK$500 million in assets for the DL Tower. These initiatives have sparked significant market attention, with the stock price surging over 70% in a single day. On July 23, DL Holdings issued a voluntary announcement on the Hong Kong Stock Exchange, detailing its latest strategic plans and development roadmap for the digital finance sector. Three-Phase Strategic Plan to Build a Comprehensive Digital Finance Ecosystem DL Holdings' digital finance development strategy will be implemented in three phases: In the first phase, DL will establish a licensed virtual asset over-the-counter (VA OTC) and prime brokerage business. This will focus on providing compliant virtual asset trading services for institutions and ultra-high-net-worth clients, creating stable trading and clearing channels, and establishing it as the core revenue engine for the group's digital finance operations. In the second phase, the group plans to build an RWA tokenization and asset management platform. Leveraging its existing client resources and technological infrastructure — particularly its ultra-high-net-worth community and professional investor network — DL will tokenize real-world assets (RWA) to enhance liquidity and optimize asset management efficiency. In the third phase, DL will construct a compliant cross-border digital asset fund ecosystem. The "International - Hong Kong" hybrid model will combine the advantages of open-market regulations with the needs of global investors. Leveraging top-tier quantitative trading teams and fund-of-funds (FoF) networks, the group aims to scale its assets under management (AUM) and lead the development of a globalized digital capital market. Core Strengths Lay the Foundation for Growth DL's ambitious plans are backed by years of solid groundwork. As a compliant financial institution holding full licenses from the Hong Kong Securities and Futures Commission (Types 1, 4, 6, and 9), Singapore's MAS, and the Cayman Islands, DL has a first-mover advantage in cross-border regulatory adaptation. Its inclusion in the "Stock Connect" program has not only attracted more capital but also increased investor awareness of DL. Currently, the group has established a three-tier user matrix: a core circle of over 60 ultra-high-net-worth family offices, more than 1,000 professional investors active on DL Securities' platform, and NeuralFin's social platform targeting millions of mass users. This "pyramid" structure supports a full spectrum of services, from high-end asset trading to inclusive finance. Notably, DL boasts strong technological and resource reserves. NeuralFin, a subsidiary of DL, has secured a strategic investment from Qraft, a top Asian FinTech company backed by SoftBank. In the Web3.0 space, DL has partnered with ViaBTC, Asseto, and other leading institutions for RWA technology platforms. With operational networks spanning Hong Kong SAR, Silicon Valley, Singapore, and other key markets, DL is shaping a cross-border ecosystem bridging traditional asset management and digital finance. Looking Ahead: Accelerating the Implementation of Digital Finance Strategies The market's most pressing question—the timeline for execution—has also been addressed. DL revealed in its announcement that it will focus on three key tasks in the second half of the year: 1. Extending its existing Hong Kong SFC licenses to cover virtual assets, with approval expected by October 2025. 2. Applying for a virtual asset OTC license while preparing stablecoin use cases and pursuing stablecoin qualifications. 3. Closely monitoring the Hong Kong SFC's policies on security token offerings (STOs) and RWA issuance to adjust business strategies accordingly. "RWA and stablecoins are not just technological innovations but a transformative shift toward financial inclusivity" said Andy Chen, Chairman of DL Holdings and NeuralFin. "DL doesn't ride trends; it pioneers them. We don't fear change; we lead it. Because true wealth belongs to those who can see the future." From the tokenization of HK$500 million in DL Tower assets to the clear outline of its "three-Phase" strategy, DL is steadily navigating the Web3.0 wave with compliance as its anchor and technology as its oar. This confidence stems from its belief in Hong Kong's vision to become a global Web3.0 hub. By adhering to principles of compliance, security, and foresight, DL is driving the next generation of financial infrastructure, pioneering digital capital markets and RWA tokenization to build a unique digital financial ecosystem. Moving forward, DL will continue to balance innovation with compliance, accelerating growth through organic expansion and strategic acquisitions to create long-term value for shareholders and partners in the Web3.0 era. Hashtag: #DLHoldings The issuer is solely responsible for the content of this announcement. DL Holdings Group
Khaleej Times
20 hours ago
- Khaleej Times
MultiBank Group's $MBG utility token soars on first day of launch
MultiBank Group, one of the world's largest and most regulated financial derivatives institutions, saw its $MBG Utility Token triple in value within hours of launching on major international platforms. Pre-sale buyers had the opportunity to enter at the exclusive price of $0.35, with $MBG surging to $1 shortly after trading opened, underscoring intense demand for the Group's landmark digital asset. The $MBG Utility Token is now listed on leading global exchanges MEXC and and is also available through and Uniswap. The successful pre-sale and strong market debut mark a significant step in the Group's ongoing digital transformation strategy, further enhancing its four-pillar ecosystem. Delivering utility across a range of financial applications, $MBG stands apart from speculative tokens by being anchored in substantial real-world assets (RWA), supported by an average daily trading volume of $35 billion and $29 billion in audited holdings. A $440 million buyback and burn program, scheduled over four years, will contribute to stability and future growth. MultiBank Group Chairman and Founder, Naser Taher, said: 'The remarkable rise in $MBG's value on its first day reflects the confidence investors have in our vision and the fundamentals behind our token. Such a response demonstrates the appetite for digital assets that are backed by transparency and robust regulatory standards across our platforms.' The $MBG Utility Token spans several core areas within MultiBank Group. It is embedded in the Group's flagship CFD business, which generated $362 million in revenue last year. Additionally, the token is incorporated into the forthcoming MEX Exchange, an institutional-grade crypto Electronic Communication Network (ECN) designed for large-scale liquidity aggregation and currently valued at $23.7 billion. $MBG is also integrated with real estate tokenization marketplace, developed in partnership with MAG Lifestyle Development through a $3 billion agreement to introduce premium properties such as the Ritz-Carlton Residences. Finally, it underpins the Group's highly regulated crypto exchange and the main platform for $MBG market activity. The exchange enables spot trading, derivatives, and soon, future DeFi integrations.
