Multibank to Tokenize $10B in UAE Real Estate Through RWA Platform

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Multibank, a derivatives institution reporting $35 billion in daily trading volume across 100 countries, is expanding its real-world asset (RWA) initiative to tokenize more than $10 billion worth of UAE real estate. The effort will be driven by Multibank RWA and includes projects led by MAG Lifestyle Development, such as The Ritz-Carlton Residences and Keturah Reserve.

Building a Scalable Tokenization Framework

Mavryk, the technology partner behind the initiative, said the funding will strengthen its compliant and scalable tokenization infrastructure. The platform supports issuance, custody, and secondary trading of tokenized assets, ensuring institutional standards are met.

Integrating Fireblocks for Asset Security

The collaboration will also integrate Fireblocksโ€™ multiparty computation (MPC) custody to safeguard tokenized holdings. The move is designed to provide institutional-grade security as tokenized real estate products reach larger pools of investors.

Preparing for Series A Expansion

Looking ahead, Mavryk confirmed plans to launch a Series A round in the fourth quarter, combining both equity and token offerings. The raise will help scale its RWA products as demand for tokenized real estate and compliant blockchain infrastructure continues to grow.

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