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MultiBank Group has announced a buyback and burn program for its $MBG utility token after reporting $209 million in revenue and $170 million profit for H1 2025. The plan will repurchase tokens from the market and permanently destroy them to reduce supply. The framework targets up to $58.2 million in the first year and $440 million over the initial multi‑year period, following the token’s July debut and sharp price gains.
The company said the move aims to boost long‑term value for holders by increasing scarcity as its broader digital ecosystem grows. $MBG listed on July 22 across MultiBank.io, MEXC, Gate.io, and Uniswap, and the token has traded around seven times its listing price since launch, according to the announcement. The buyback is linked to operating strength, with H1 revenue up 20% year‑on‑year and a single‑day trading record of $56 billion in April.
MultiBank has been expanding into digital assets alongside its core FX and CFD businesses. The group positions $MBG at the center of a four‑pillar strategy bridging traditional finance and Web3, spanning trading, institutional liquidity, a regulated crypto venue, and real‑world asset infrastructure. Earlier this month, the firm highlighted the token’s role and reiterated the H1 figures as it deepened its blockchain push.
Founded nearly two decades ago, MultiBank operates across multiple jurisdictions and serves millions of clients globally. The company’s recent disclosures emphasized disciplined growth and governance as drivers of this year’s performance and as a base for its digital asset roadmap, with $MBG buybacks and burns intended to align token supply with ecosystem activity over time.
