Mavryk Secures $10M to Advance UAE Real Estate Tokenization

Mavryk Network raised $10 million led by MultiBank Group to advance its real-world asset (RWA) tokenization initiatives.
Collaboration exists between Mavryk and MultiBank to tokenize over $10 billion in UAE real estate via an RWA platform.
The goal is to extend access to premium investments like real estate.
Fireblocks supports the initiative by providing secure multiparty computation wallets for safeguarding tokenized assets, enabling trading and borrowing against real estate-backed tokens without managing private keys.
This funding follows a previous $5.2 million raised by Mavryk Dynamics in February.
RWA tokenization involves converting real-world asset ownership into digital tokens for blockchain trading, which can increase liquidity by reaching more investors.
Deloitte predicts the global tokenized real estate market could reach $4 trillion by 2035.