Hassan Maishera
Mavryk Dynamics has announced a major deal with global investment firms MAG and Multibank Group to tokenize real estate on its Layer1 blockchain, Mavryk Network.
In a press release shared with Cryptowisser, Mavryk Network said the agreement will form the largest real-world asset (RWA) tokenization event in history, placing more than $3B of yield-bearing assets on-chain.
The team added that the tokenized assets will be implemented on MutlibankIO’s new Multibank RE platform. This will offer verified investors access to primary sales and secondary trading of RWAs, including prestigious portfolios such as the Ritz-Carlton and Ketura Reserve.
The deal has been agreed between Mavryk Dynamics, whose Layer 1 blockchain, Mavryk Network, will host the tokenized assets MAG, and Multibank Group, who generated around $360M in 2024. The two entities oversee billions of dollars of real estate investments, including the luxury hotel chain Ritz-Carlton and Dubai-based luxury property developer Ketura Reserve.
The initial $3b of MAG’s assets will be tokenized on Mavryk Network. Tokenization of the assets will be implemented by Mavryk Dynamics and conducted onchain via applications on Mavryk. It will serve as the technology provider for the partnership and oversee integrations for the RWAs and other DeFi components that may be incorporated, such as lending.
By leveraging Multibank Group’s reputation, regulatory accreditation, and extensive licenses, Mavryk will enable retail users to gain exposure to premium real estate assets. In addition to buying and selling tokenized representations of real estate for the properties represented, participants will be entitled to earn yield on their assets. This will give them a direct stake in the future growth of the underlying companies.
While commenting on this partnership, Alex Davis, founder of Mavryk, said:
“Mainstreaming RWA tokenization calls for the right assets, the right companies, and the right ecosystem in which to launch them. With MAG and Multibank providing access to some of the world’s most coveted real estate and luxury brands, the assets & distribution are in place for this to happen. And with the support of MutlibankIO and Mavryk, the infrastructure is also in place to make billions of dollars of desirable RWAs accessible to retail users for the first time.”
Mavryk Network is a Layer 1 blockchain transforming real-world assets. This enables businesses to transform illiquid properties into tradable digital assets through DeFi-powered lending and fractionalized ownership on Mavryk's secure network. Mavryk also supports efficient secondary trading for tokenized RWAs with seamless access to global markets. Its network of traditional equity and Web3 partners enables enhanced liquidity and transparency for seamless asset trading.
