$3B Real Estate Tokenization: A Blockchain Milestone
A historic agreement has been signed for the tokenization of $3 billion in real estate assets. This partnership between MAG, a leading UAE real estate developer, and Mavryk, a blockchain innovator, represents the largest real-world asset (RWA) tokenization initiative globally to date. The initiative is being overseen by a financial institution.
The Tokenization Deal
This significant undertaking will bring MAG’s high-value real estate developments, including The Ritz-Carlton Residences, Dubai, Creekside (part of the Keturah Resort), and Keturah Reserve, onto the blockchain. Global investors will gain access to these assets through a regulated RWA marketplace. Daily yield distribution will be available to RWA asset holders on the platform.
The project is leveraging a utility token to power access, staking, fee payments, and platform engagement, forming the backbone of a new digital finance ecosystem. MAG will provide the real estate inventory for tokenization, while Mavryk will build the blockchain infrastructure for asset issuance and DeFi integrations. The financial institution will manage regulatory compliance, secondary market liquidity, and platform governance.
Key Players and Quotes
The financial institution's CEO stated, "This isn't just a real estate deal—it's a flagship use case demonstrating the potential of blockchain technology to bridge traditional finance and next-generation investment infrastructure. This is how we make Web3 real."
MAG's Senior Executive Vice Chairman added, "Partnering with the financial institution marks a milestone in broadening access to high-value developments and unlocking liquidity via blockchain, while maintaining transparency and stakeholder protection."
Mavryk's Founder and CEO commented, "This collaboration is a paradigm shift in how real-world assets are traded. By leveraging our tokenization and DeFi infrastructure, we are creating borderless, liquid investment opportunities. Together, we are laying the foundation for a transparent, scalable future for institutional-grade assets."
The Future of Real Estate Investment
With a buyback-and-burn model linked to platform revenue and staking rewards, this project offers tangible value to both retail and institutional users. The $3 billion initial tokenization is just the beginning, with plans to expand to $10 billion in total volume.
Legal Disclaimer: The Ritz-Carlton Residences, Dubai, Creekside, are not owned, developed, or sold by The Ritz-Carlton Hotel Company, LLC or its affiliates (“Ritz-Carlton”). MAG of Life FZ-LLC uses The Ritz-Carlton marks under a license from Ritz-Carlton, which has not confirmed the accuracy of any statements or representations made herein.
About the Financial Institution
Established in 2005, the financial institution is a global leader in financial derivatives, serving millions of clients across numerous countries. With daily trading volume exceeding $35 billion (as of April 2025), the institution offers a range of brokerage services and asset management solutions, regulated across five continents.
About MAG
MAG, the real estate development arm of MAG Group, has a legacy of over 40 years in the UAE. Established in 2003, MAG's portfolio includes residential towers, communities, and luxury developments incorporating wellness concepts.
About Mavryk
Mavryk is a Layer-1 blockchain designed to revolutionize asset ownership and the RWA community. By using RWA tokenization, DeFi applications, and robust infrastructure, Mavryk aims to transform asset interaction.
Note: Codeum offers smart contract audits, KYC verification, custom smart contract and DApp development, tokenomics and security consultation, and partnerships with launchpads and crypto agencies. These services can help ensure the security and success of blockchain projects like this one.