MultiBank Group, MAG, and Mavryk have announced a $3 billion deal to tokenize ultra-luxury real estate in Dubai. The partnership will allow global investors to purchase tokenized shares of properties such as the Ritz-Carlton Residences and Keturah Reserve, with daily yield distribution to token holders. The platform, launched on MultiBank.io, is designed to facilitate compliance, secondary market liquidity, and integration with decentralized finance (DeFi) protocols. MAG will provide the real estate assets for tokenization, Mavryk will supply the blockchain infrastructure and DeFi connectivity, and MultiBank Group will oversee compliance, platform governance, and liquidity. The initiative includes the launch of the MBG utility token, which will be used for transaction fees, staking, and rewards within the ecosystem. The tokenization platform is reportedly scalable up to $10 billion. MAG's Talal Moafaq Al Gaddah stated that the agreement with MultiBank Group is an important milestone in expanding access to high-value real estate and liquidity through blockchain.