MAG has signed a $3 billion strategic partnership with MultiBank Group and blockchain firm Mavryk to tokenize premium real estate assets, marking what both firms call the world’s largest real-world asset (RWA) tokenization initiative to date.
The partnership centers on digitizing MAG’s flagship developments, including The Ritz-Carlton Residences, Dubai, Creekside at the Keturah Resort, and Keturah Reserve. These assets will be tokenized and made available to global investors via MultiBank.io, a fully regulated RWA marketplace operated by the MultiBank Group.
The tokenization process will allow investors to hold digital ownership of these real estate assets, with daily yield distributions on the MultiBank.io platform. The initiative is underpinned by $MBG, MultiBank’s utility token, which will support staking, access, fee payments, and user activity on the platform.
MultiBank Group will manage compliance, secondary market operations, and platform governance
Talal Moafaq Al Gaddah, Senior Executive Vice Chairman of MAG, commented, “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.”
Zak Taher, Founder and CEO of MultiBank.io, added, “By enabling seamless access to $3B in tokenized property, MultiBank becomes the bridge between regulated finance and next-generation investment infrastructure.”
As part of the agreement, MAG will supply the real estate assets, Mavryk will provide blockchain infrastructure for on-chain issuance and DeFi integrations, and MultiBank Group will manage compliance, secondary market operations, and platform governance.
The tokenization initiative sets the foundation for future expansion, with the infrastructure built to support up to $10 billion in tokenized assets. The parties expect the move to redefine global access to UAE real estate by combining programmable ownership with regulatory frameworks and daily liquidity potential.
While the agreement marks a major move toward digitizing real estate, it also serves as a broader endorsement of tokenized RWAs as a scalable investment class. The launch of $MBG places MultiBank at the center of a financial system that merges regulated markets with blockchain-based asset models.
The Ritz-Carlton Residences are branded under license from Ritz-Carlton but are not owned, developed, or sold by The Ritz-Carlton Hotel Company or its affiliates.
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