Mavryk Welcomes $3B of RWAs to Its Layer 1 Following Historic Deal With MAG and Multibank Group

By: bitcoin ethereum news|2025/05/04 21:30:01
0
Share
copy
Mavryk Dynamics is celebrating after securing a major deal that will give its new RWA blockchain a multi-billion dollar liquidity boost. An agreement made with investment firms MAG and Multibank Group will see $3B of tokenized real estate issued on Mavrk Network, giving serious momentum as the Layer 1 chain gets up to speed.The deal is a coup for Mavryk given the number of RWA ecosystems that would be only too happy to take on the sort of premier properties that MAG and Multibank Group oversee. The $3B package includes properties pertaining to the Ritz-Carlton luxury hotel chain as well as Ketura Reserve, which specializes in new-build apartments in Dubai. RWA Moves Up a Gear The saying “Slowly, then all at once” seems the best way to describe what’s happening in the RWA sector at present. Having spent the last three years developing the onchain infrastructure for real-world assets to be tokenized and compliantly traded, web3 developers are now starting to witness the fruits of their labors as major players bring their business to the blockchain world. And they don’t get much bigger than MAG and Multibank Group. While the deal was concluded between Mavryk Group and the two investment firms in question, the assets themselves will be issued on MultibankIO’s new platform for real estate, which operates on Mavryk Network. Mavryk Dynamics, meanwhile, will assist with the technical side of tokenization and will help with the construction of any secondary financial markets that are derived from the underlying RWAs. Mavryk Makes Its Mark Mavryk is a rising star of the RWA sector, despite having been comparatively late to the game. Since arriving, however, it’s wasted no time in making a name for itself, with the headline-grabbing $3B RWA tokenization deal following a string of other newsworthy events. In February, Mavryk Dynamics revealed that it had secured more than $5M in private funding. VCs including Big Brain, MetaVest Capital, and Cluster Capital all wrote checks after concluding that they were aligned with the company’s vision for supercharging RWA tokenization.Mavryk is also believed to be making plans for a forthcoming token generation event (TGE) that will enable the public to acquire the native asset of its Layer 1 chain. While trading RWAs requires user verification for compliance purposes, Mavryk is eager to make the assets on its chain available to as many DeFi users as possible. It’s thus intent on ensuring that the products issued on its L1 are not just accessible, but also composable, allowing them to form the backbone of other DeFi primitives such as lending and stablecoin issuance. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. Source: https://cryptodaily.co.uk/2025/05/mavryk-welcomes-3b-of-rwas-to-its-layer-1-following-historic-deal-with-mag-and-multibank-group

You may also like

Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market

In the dataset, transfers are no longer simply labeled as pure "transaction volume," but are classified as different on-chain activities. This is the difference between "just knowing that $100 trillion has been transferred" and "understanding why it was transferred."

Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"

Every trend here is affecting everyone's future survival.

Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious

In Silicon Valley, Altman's sub-12-hour move has a name. It's not called backstabbing, it's called timing.

The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday

The most important industry in the crypto world, only 300 kilometers away from the missile's impact point

Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?

The interest of the younger generation is shifting from cryptocurrency to the field of artificial intelligence, which coincides with the current phenomenon in the cryptocurrency industry.

The little deer live by the water and grass

Mining companies have never been the most devout believers in Bitcoin. Under the pressures of halving compressing profits, financial reports showing revenue growth without profit increase, and coin prices falling below mining costs, the industry is collectively de-risking.

Popular coins

Latest Crypto News

Read more