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Dubai-based MultiBank Group has opened an early-access list for its $MBG utility token, letting investors reserve spots before the July presale. The firm announced early access through its MultiBank.io RWA arm and said each token will be backed by an initial US $3 billion pool of ultra-luxury property, including the Ritz-Carlton Residences Dubai.
A technical brief released last week outlined token details, noting that holders will earn daily yield from rent streams and that a buy-back-and-burn programme will cap long-term supply. The paper also shows plans to expand the real-estate pool toward US $10 billion once new developments, such as Creekside at Keturah, go on-chain.
“This isn’t just a property deal — it is a flagship use case for $MBG. By giving seamless access to US $3 billion of tokenised assets, we bridge regulated finance and next-generation investing,” founder Zak Taher said after the launch.
MultiBank, regulated in 17 jurisdictions and averaging US $35 billion in daily trading, moved its headquarters to Dubai four years ago. Earlier this year it disclosed a $3 billion agreement with developer MAG to put premium towers on the blockchain, signalling the group’s push from FX brokerage to real-world-asset finance. An Entrepreneur interview reveals plans by chairman Naser Taher to use the token for staking, fee rebates and cross-platform settlement across the firm’s trading ecosystem.
Real-estate tokenisation cuts big buildings into low-cost digital shares that trade like stock, letting buyers enter prime markets for as little as US $50 while sellers raise capital faster than with conventional deeds. Supporters say transparent ledgers and automated compliance help regulators, but critics warn that smart-contract bugs and ill-defined property rights can still spook institutions.
If the wait-list converts, $MBG could join a small club of asset-backed tokens issued by major financial groups rather than crypto start-ups. Success would give Dubai another showcase for its push to marry skyscrapers with blockchain — and offer a live test of whether luxury bricks turn smoothly into bytes.
