Mavryk Raises $10M for UAE Tokenization

Mavryk Network has secured $10 million in new funding to speed real-estate tokenization in the UAE. CoinDesk reported investment led by MultiBank Group, noting support from Fireblocks for custody and wallets. The partners plan to let investors trade and borrow against property-backed tokens on Mavryk’s chain.

Mavryk also announced investment through a press statement, saying the raise builds on a plan with MultiBank to bring more than $10 billion of UAE assets on-chain. Earlier, MultiBank’s team outlined initiative with Fireblocks to support the rollout. “This is a vote of confidence in our technology,” said Alex Davis, CEO, Mavryk Network.

Tokenization turns claims on buildings into digital tokens. These tokens can move faster than paper shares and can settle around the clock. Custody tech like MPC wallets helps institutions hold assets with lower key-management risk. In the Gulf, regulators are building clear rules that attract cross-border capital into property deals.

If the rollout hits its goals, developers could tap wider pools of buyers, and investors could get simpler access to income-producing projects. The focus now is on compliant issuance, safe custody, and secondary markets that match real-estate needs, such as stable yield and clear rights.