MultiBank Group Partners With Fireblocks For $MBG Utility Token Launch

Multi-asset broker MultiBank Group has expanded its partnership with Fireblocks to support the launch of its $MBG utility token, building on a collaboration that began in 2022.

The cryptocurrency exchange arm of MultiBank Group, described as one of the world's largest financial derivatives institutions, will use Fireblocks' Tokenization Engine for secure minting, burning, vesting, and automated distribution of the new utility token. The token is designed to offer users benefits including discounted trading fees and increased platform utility.

MultiBank has used Fireblocks to manage treasury operations and safeguard customer funds since 2022. The expanded partnership demonstrates the growing institutional demand for digital asset infrastructure as traditional financial institutions expand their cryptocurrency offerings.

Zak Taher, CEO of MultiBank.io, said: "As we continue to expand our digital asset offerings and serve a growing global client base, having the right infrastructure provider is critical. Fireblocks' end-to-end tokenisation platform powers these capabilities through programmable smart contracts and an institutional-grade governance framework - enabling MultiBank to scale its product offerings rapidly, without compromising on security or performance."

The Fireblocks platform provides MultiBank with secure treasury operations for safe custody and rapid access to funds across liquidity providers, accelerated token deployment with automated vesting and lifecycle controls, operational efficiency through reduced development costs and complexity, and enhanced customer trust through auditable smart contracts and secure infrastructure.

Stephen Richardson, Chief Strategy Officer and Head of Banking at Fireblocks, said: "We're excited to deepen our collaboration with MultiBank as they expand their presence in the digital asset ecosystem. As one of the world's largest financial derivatives institutions, MultiBank's move into tokenisation signals growing institutional demand for secure, scalable digital asset infrastructure. Fireblocks provides the trusted foundation for this next chapter - offering secure custody, governance, and operational efficiency that enables MultiBank to innovate confidently while meeting the expectations of a global, risk-conscious client base."

The partnership represents part of Fireblocks' broader strategy to enable secure, scalable, and compliant digital asset innovation for institutions worldwide. The company reports over 2,000 customers and $10 trillion in digital asset transfers secured through its platform.

Fireblocks is an enterprise platform providing digital asset infrastructure solutions to businesses building on blockchain technology. The company serves banks, exchanges, fintechs, and asset managers with custody, governance, and operational services.

MultiBank Group operates as a financial derivatives institution with a cryptocurrency exchange division that has expanded its digital asset offerings to serve a global client base.