Institutional RWA Tokenization to be Fueled by $10M Investment led by MultiBank Group in Mavryk
In a significant move for the blockchain industry, Mavryk Network, a leading player in the tokenization of Real-World Assets (RWAs), has secured a strategic investment of $10 million from MultiBank Group. This investment signifies strong institutional confidence in Mavryk's ability to deliver compliant, scalable tokenization infrastructure for capital markets.
The investment comes at an exciting time for Mavryk, as the company prepares for the launch of its mainnet on September 18th. On the same day, the $MVRK token will be listed on Gate and MEXC, providing a new avenue for investors to engage with the platform.
The $10 billion Dubai real estate tokenization initiative, led by MAG Lifestyle Development, represents the largest announced to date in the RWA sector. The portfolio includes landmark properties such as The Ritz-Carlton Residences and Keturah Reserve. This milestone marks a significant step forward for institutional adoption of blockchain in the RWA sector.
Alex Davis, Founder and CEO of Mavryk Network, stated that MultiBank's backing reflects a shared vision for a regulated environment where traditional assets can move seamlessly into a digital economy. The collaboration has recently expanded with the integration of Fireblocks, a custody platform securing over $100 billion in assets for institutional clients. Fireblocks' multi-party computation (MPC) wallets will safeguard tokenized assets on the Mavryk blockchain, enabling investors to buy, hold, trade, and borrow against real estate-backed tokens without managing private keys.
Mavryk Network handles the full asset lifecycle - issuance, custody, and secondary trading, within a compliant framework. The company plans to launch its Series A raise, covering both equity and tokens, in Q4. For more information about Mavryk, visit mavryk.org.
MultiBank Group is one of the world's largest derivatives institutions with a daily trading volume of $35 billion and 2 million customers across 100 countries. Contact Dan Edelstein at [email protected] for inquiries.
Mavryk's vision is to create an interconnected network economy through the seamless integration of RWAs with its website. The company's website applications include secondary markets, lending, and robust infrastructure for RWA tokenization. The investment builds on an existing partnership between the two companies to tokenize over $10 billion in premium UAE real estate through MultiBank's regulated tokenization platform.
For those interested in investing in the future of tokenized Real-World Assets, Mavryk presents an exciting opportunity. With a strong institutional backing, a robust platform, and a clear vision, Mavryk is well-positioned to lead the way in the tokenization of real estate and other Real-World Assets.
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