MultiBank’s MBG token is live on MexC, presale sells out
Multibank Group, a large derived institution, has managed to finish its launch of a token, which is now live on exchanges.
The main financial institutions quickly adopt the crypto. On Tuesday July 22, a company of Tradfi derivatives, Multibank Group, completed The launch of his MBG token, after his presale, sold in a few minutes. The token is now negotiated on centralized and decentralized scholarships, notably Mexc, Gate.io and Uniswap.
This tradfi token attracted significant attention even beyond its presale, which ended on July 18. Shortly after the start of public trade, once the token was registered on major exchanges, it jumped 166%. On July 22, the token briefly crossed the bar of $ 1 and has since consolidated $ 0.981. and reached $ 156 million in market capitalization.
Multibanque group token supported by Rwas
According to Multibank, the token is supported by real value. This includes $ 29 billion in real assets on its platform, as well as a daily negotiation volume of $ 35 billion on the financial institution platform. The president and founder of the Multibank group, Naser Taher, underlined the buyout program of $ 440 million, aimed at strengthening the token over the next four years.
“MBG is built on solid rock fundamentals, combining a daily commercial infrastructure of $ 35 billion in Multibank with a real asset base of 29 billion dollars, while conducting innovation thanks to its multi-utility role: to supply transactions through our tradfi and digital ecosystems, to allow trades of crosses, and Dollars.
The project is also involved in Tokenized real estate, saying that it has an agreement of $ 3 billion with Mag Lifestyle Development. This project will include premium real estate, including Ritz-Carlton residences.
The interest in the MBG token shows that traders are increasingly optimistic on platforms at the intersection of Tradfi and Defi. In addition, Tradfi companies are increasingly exploiting the potential of the crypto for capital collection for their companies.
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