MultiBank.io, Fireblocks launch $10b real estate token play

Multibank group’s digital asset division has teamed up with Fireblocks to bring back $ 10 billion in the chain.

Companies are increasingly competing to dominate active workers in the real world. On Wednesday, July 23, Multibank.io, the Division of Digital Assets of Multibank Group, joined forces with Institutional Crypto Custodian Fireblocks.

With the Blockchain Mavryk infrastructure supplier, companies plan to provide $ 10 billion in tokenized assets on blockchain. The initiative will mainly focus on high -value properties, aimed at making this asset class accessible to a wide range of investors.

Multibank.io will operate a regulated RWA market, allowing investors to buy real estate properties in a fractional way, using both Fiat and cryptocurrency. On the other hand, Fireblocks will manage the secure guard of the RWA tokens.

The entire platform will operate on the infrastructure of the Mavryk blockchain, with an intelligent contract layer and a large decentralized book. Mavryk will also manage KYC / AML controls, integrations with other DEFI protocols and programmable logic.

Multibank secures a real estate partnership of $ 3 billion

The first phase will be based on the $ 3 billion partnership in Multibank.io with Mag Lifestyle Development, with projects such as Ritz-Carlton Residences and Keturah Reserve. Zak Taher, founder and CEO of Multibank.io., Said the platform will target up to $ 10 billion in chain assets.

“Rwas on a large -scale tokenization requires robust infrastructure, uncompromising security and strict compliance with industry standards. Fireblocks is the backbone of the guard behind our operations, while Mavryk’s blockchain brings speed and efficiency. Together, we open $ 10 billion in real estate investment to a wider audience with complete transparency ”, Zak Taher, Multibank.io.

Multibank.io recently launched its own crypto token, MBG. On July 22, the token was launched on several Crypto exchanges, including Mexc, Gate.io and Uniswap. After the launch of the exchange, the token briefly doubled, going to $ 1.

The interest in the MBG token reflects a broader interest in RWA assets, which are currently one of the fastest growth segments on the cryptography market.