- MultiBank.io partners with Fireblocks and Mavryk for $10 billion real estate tokenization
- Platform aims to tokenize high-value properties and make them accessible to a wide range of investors
- First phase includes a $3 billion partnership with MAG Lifestyle Development
On July 23, MultiBank.io, the digital asset division of MultiBank Group, officially launched a real estate tokenization platform in collaboration with Fireblocks, a leading institutional crypto custodian. The platform aims to tokenize $10 billion in real estate assets, with a focus on high-value properties, making them accessible to a broader range of investors.
The project will operate within a regulated RWA marketplace, where investors can purchase real estate assets fractionally, using both fiat and cryptocurrency. Fireblocks will provide secure custody for these RWA tokens, ensuring safe management of assets while complying with regulatory requirements.
Partnership with Mavryk Blockchain for Infrastructure
The tokenization platform will operate on Mavryk blockchain infrastructure, which will provide the underlying smart contract layer and decentralized ledger. In addition to blockchain infrastructure, Mavryk will handle KYC/AML checks, DeFi protocol integrations, and programmable logic, streamlining the operational aspects of the platform.
The use of Mavryk blockchain will bring speed, scalability, and efficiency to the tokenization process, with the added advantage of complete transparency for investors.
MultiBank.io’s $3B Partnership with MAG Lifestyle Development
The first phase of the real estate tokenization initiative will build on MultiBank.io’s $3 billion partnership with MAG Lifestyle Development, a real estate company with high-profile projects such as Ritz-Carlton Residences and Keturah Reserve. This partnership represents a major step forward in MultiBank.io’s push to tokenize real-world assets (RWAs) at scale, aiming for $10 billion in on-chain assets.
Zak Taher, founder and CEO of MultiBank.io, emphasized the importance of robust infrastructure, uncompromising security, and adherence to industry standards. He said, “Fireblocks is the custody backbone behind our operations, while Mavryk’s blockchain brings speed and efficiency. Together, we’re opening $10 billion in property investment to a wider audience with full transparency.”
MultiBank.io Launches MBG Token Amid Growing RWA Interest
In addition to the real estate tokenization project, MultiBank.io recently launched its own crypto token, MBG. The token, which was listed on major exchanges such as MexC, Gate.io, and Uniswap on July 22, surged to $1 after its exchange debut, briefly doubling in value. This reflects growing interest in RWA assets, which are becoming one of the fastest-growing sectors in the crypto market.
With $10 billion in tokenized real estate as its target, MultiBank.io is positioning itself as a key player in the growing market for tokenized real-world assets.
