Why do I say that @MavrykNetwork is the next big opportunity?
MultiBank, MAG, and Mavryk have joined forces to launch the world's largest $3 billion tokenization project for real assets (RWA).
According to Cointelegraph, MultiBank Group, the world's largest financial derivatives institution headquartered in Dubai, has signed a significant cooperation agreement with UAE real estate giant MAG and blockchain infrastructure provider Mavryk to launch a real-world asset (RWA) tokenization project worth up to $3 billion, setting a global record.
This is a signed cooperation! It's not just empty talk!
1. Background and Objectives of Cooperation
Project scale: The $3 billion MAG high-end real estate will be tokenized one by one and launched on the MultiBank platform, becoming the largest RWA tokenization project in the world to date.
Platform and technical support:
1️⃣MAG will offer ultra-luxury property assets including The Ritz-Carlton Residences (Dubai), Creekside, and Keturah Reserve.
2️⃣Mavryk provides a Layer-1 blockchain architecture, ensuring the secure on-chain management and transparency of assets.
3️⃣MultiBank is responsible for regulatory compliance, platform governance, and liquidity management.
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2. New ecological functions of the MBG Token
MBG, as the core utility token of the platform, is not only used for paying transaction fees, staking, and activating VIP privileges, but also has a buyback and burn mechanism to enhance the long-term value of the token.
Holders can enjoy privileges such as fee discounts and priority access to listings.
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3. Investor Rights and Ecological Linkage
1️⃣Tokenized assets are open to global investors and can generate daily profit distributions on the MultiBank platform.
In the MultiBank system, these tokenized assets can also serve as collateral for derivative trading, bridging the gap between traditional finance and tokenized assets.
This move aims to make high-value, traditionally hard-to-trade premium real estate assets more liquid and more accessible to global users.
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4. Future Vision: Moving Towards a Scale of 10 Billion Dollars
The recent $3 billion tokenization is just the starting point; MultiBank hopes to expand tokenized assets on the platform to a level of $10 billion in the future, ushering in a new era of digital asset investment.
Mavryk indicates that through its advanced tokenization and DeFi architecture, future real estate assets will be able to achieve borderless, transparent, and tradable status.
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This collaboration integrates MAG's high-end real estate resources, Mavryk's blockchain capabilities, and MultiBank's regulatory and financial service advantages. By launching the MBG Token, it has achieved a secure, transparent, and efficient path for asset tokenization, opening up a new way for global investors to participate in the high-end real estate market.