MultiBank.io, Fireblocks & Mavryk Tokenize $10B Real Estate
MultiBank.io has joined forces with Fireblocks and Mavryk to launch a $10 billion real estate tokenization platform, aiming to bring real-world assets (RWAs) on-chain. In its first phase, MultiBank.io and MAG Lifestyle Development will tokenize $3 billion of prime properties, including The Ritz-Carlton Residences and Keturah Reserve, offering fractional ownership from $50. Fireblocks will deliver institutional-grade custody, token issuance and automated compliance, while Mavryk’s programmable blockchain infrastructure handles on-chain issuance, KYC/AML checks and DeFi integrations. The platform bridges TradFi and crypto through MultiBank Group’s ecosystem—spanning MultiBank FX, the planned MEX Exchange ECN, its regulated crypto exchange and the new real estate tokenization marketplace—to ensure governance, liquidity and secondary trading. MultiBank.io recently launched its MBG token on MexC, Gate.io and Uniswap, where it briefly doubled to $1, underlining rising trader interest in asset tokenization. This real estate tokenization initiative is poised to broaden access to RWA tokens and may influence asset tokenization trends in the crypto market.
Bullish
By tokenizing $10 billion in real estate, MultiBank.io’s platform could drive demand for RWA tokens and boost MBG’s utility as a gateway token. The integration of Fireblocks’ custody and Mavryk’s blockchain infrastructure enhances market confidence and could reduce settlement times, encouraging more institutional participation. In the short term, MBG may see increased volatility around platform milestones and token listings. Over the long term, the project’s emphasis on fractional ownership and on-chain RWAs supports sustainable demand, positioning MBG for potential price appreciation as real estate tokenization gains traction in the crypto sector.