Mavryk Network Secures $10M Strategic Investment Led by MultiBank Group to Boost Institutional RWA Tokenization

• The investment expands on the two businesses’ previous collaboration to tokenize over $10 billion worth of high-end UAE real estate.
• With the addition of Fireblocks, a custody platform that protects more than $100 billion in assets for more than 2,000 institutional customers, the partnership has just grown.

Today, Mavryk Network, a Layer-1 blockchain designed specifically for regulated real-world asset (RWA) markets, announced that it has closed and secured a $10 million strategic investment led by MultiBank Group, one of the biggest derivatives companies in the world, with 2 million customers and a presence in 100 countries. MultiBank Group generates $35 billion in daily trading volume. Strong institutional trust in Mavryk’s capacity to provide scalable, compliant tokenization infrastructure for the next generation of financial markets is shown by the investment.

The investment expands on the two businesses’ previous collaboration to tokenize over $10 billion worth of high-end UAE real estate using the group’s regulated tokenization platform, MultiBank.io RWA. MAG Lifestyle Development is in charge of this portfolio, which consists of iconic buildings including Keturah Reserve and The Ritz-Carlton Residences.

Alex Davis, Founder and CEO of Mavryk Network stated:

With the addition of Fireblocks, a custody platform that protects more than $100 billion in assets for more than 2,000 institutional customers, the partnership has just grown. By protecting tokenized assets on the Mavryk blockchain, Fireblocks’ multi-party computation (MPC) wallets will let investors can purchase, hold, trade, and borrow against real estate-backed tokens without having to worry about private key management.

The biggest reported real estate tokenization project to date, at $10 billion, is a significant step toward the institutional use of blockchain in the RWA industry. Mavryk Network and MultiBank Group are working together to provide access to high-end investments while establishing new benchmarks for scalability, security, and compliance.

As it grows to create the future of tokenization and RWAs, Mavryk plans to launch its mainnet and sell its $MVRK token on Gate and MEXC on September 18th. In Q4, Mavryk will also begin its Series A financing, which will cover both stock and tokens.

The Layer-1 blockchain Mavryk was created to transform asset ownership, support the RWA community, and develop the tokenization of assets for the future. Mavryk wants to change how people use and interact with tokenized assets by using RWA tokenization, DeFi applications like secondary markets and lending, and strong infrastructure. The goal is to seamlessly integrate RWAs with DeFi in order to establish an integrated network economy. Check out https://mavryk.org/ to find out more about Mavryk.