The largest tokenization initiative of its kind comes ahead of the $MBG token launch, paving the way for regulated digital access to prime property assets
Dubai, UAE, 1 May 2025: – MAG, the leading real estate developer in the UAE has signed a historic $3 billion tokenization agreement with MultiBank Group, the world’s largest financial derivatives institution based in Dubai, and Mavryk, a leading blockchain innovator — marking the largest real-world asset (RWA) tokenization initiative globally to date. The initiative highlights the imminent launch of $MBG, the utility token at the core of MultiBank’s next-generation digital finance ecosystem.
Dubai – United Arab Emirates – 1st May 2025 – CBRE Middle East, the global leader in commercial real estate services and investments, released its latest edition of the UAE Real Estate Market Review for the first quarter of 2025, highlighting a resilient performance of the UAE’s real estate market despite global economic uncertainties.
Dubai International Chamber establishes new representative office in Cape Town to boost bilateral trade and investments with South Africa
H.E. Mohammad Ali Rashed Lootah: “Our new office in Cape Town reflects our commitment to deepening economic cooperation with the region and supporting South African companies in leveraging Dubai as a gateway to global markets.”
H.E. Alan Winde:“The Western Cape Government warmly welcomes Dubai International Chamber’s move to set up its new office in Cape Town. Dubai presents immense trade potential for our province and we look forward to strengthening our already solid economic partnership.”
Non-oil bilateral trade between Dubai and South Africa reached a value of AED 29 billion during 2024, representing annual growth of 20%.
Dubai, UAE – May 1, 2025 — FinBursa, a groundbreaking global investment technology platform, officially launched today from the Dubai International Financial Centre (DIFC), pioneering a new era of digital efficiency in global private market investing.
With global private market investments experiencing rapid growth and increased investor demand, digital accessibility has become critical. FinBursa tackles this evolving landscape by creating a powerful and fully integrated digital ecosystem designed to eliminate traditional barriers such as fragmented workflows and tools, high transaction costs, and cumbersome, time-consuming capital-raising processes.
FinBursa addresses critical market inefficiencies by combining cutting-edge technology with seamless access to private wealth. Capital seekers—including startups and businesses from emerging markets—gain access to a diverse pool of qualified investors who can make decisions quickly and flexibly. Investors, ranging from high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs), including family offices, who control over $100 trillion of global private wealth; benefit from direct access to quality opportunities with increased transparency and efficiency. Financial advisors, small and mid-sized asset managers, and independent firms can leverage enterprise-grade technology to access underserved private market investors and expand their reach to new opportunities. This multi-sided approach breaks down traditional barriers and unlocks new pathways for investment, growth, and innovation.”
The Technology Express proudly hosted the Web3 & Digital Assets Markets Awards 2025 on April 26 at Sofitel, The Palm, an evening dedicated to celebrating the pioneers, disruptors, and institutions shaping the future of blockchain, tokenization, and digital finance across the Middle East and beyond.
UAE News 24/7 