PANews reported on May 1 that according to Cointelegraph, MultiBank Group, the largest financial derivatives institution in Dubai, signed a $3 billion physical asset (RWA) tokenization agreement with UAE real estate giant MAG and blockchain infrastructure provider Mavryk, setting a record for the largest scale in the global RWA field. The cooperation will tokenize MAG's ultra-high-end real estate projects such as Ritz-Carlton Apartments and Keturah Reserve through the MultiBank.io compliant market, and investors can obtain daily returns through the platform. Talal Moafaq Al Gaddah, senior executive vice chairman of MAG, said that tokenized assets will be issued on the Mavryk blockchain, and MultiBank will be responsible for compliance and liquidity management. Its native token MBG will provide rights such as transaction discounts, property priority subscription rights and deflationary repurchase mechanisms. In addition, MultiBank plans to expand the scale of tokenized assets from an initial $3 billion to $10 billion.