MAG Partners with MultiBank Group on $3 Billion Real Estate Tokenization Deal

Dubai property developer MAG has entered into a $3 billion tokenization agreement with financial derivatives institution MultiBank Group and blockchain specialist Mavryk, in what is being described as the largest real-world asset tokenisation initiative globally to date.

The Ritz-Carlton Residences, Dubai, Creekside at the Keturah Resort

The partnership will transform high-value MAG developments—including The Ritz-Carlton Residences, Dubai, Creekside, part of the Keturah Resort, and Keturah Reserve—into blockchain-based assets that will be available to global investors through MultiBank.io's regulated marketplace.

The arrangement coincides with the upcoming launch of MultiBank's utility token, $MBG, which will serve as the foundation for their digital finance ecosystem. According to the companies, token holders will be able to earn yield that will be distributed daily on the MultiBank.io platform once the system launches.

Under the terms of the agreement, MAG will supply premium real estate inventory while Mavryk provides the blockchain infrastructure for on-chain asset issuance. MultiBank Group will handle regulatory compliance, secondary market liquidity and governance aspects of the platform.

"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," said Talal Moafaq Al Gaddah, Senior Executive Vice Chairman of MAG.

Zak Taher, Founder and CEO of MultiBank.io, added: "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 tokenized property, MultiBank becomes the bridge between regulated finance and next-generation investment infrastructure."

The companies indicate that the $3 billion tokenisation represents just the initial phase, with the platform designed to accommodate up to $10 billion in assets as the project develops.