Mavryk Network, a Layer-1 blockchain platform, has raised $10 million in a strategic investment led by financial derivatives firm MultiBank Group. The funding is set to support the company’s real-world asset (RWA) tokenization efforts, particularly in the United Arab Emirates.
Mavryk Network and MultiBank Group are working together to tokenize more than $10 billion worth of real estate assets in the UAE. The initiative aims to make high-value property investments more accessible to a wider group of investors, according to the announcement.
The project is backed by Fireblocks, a digital asset custody provider. Fireblocks’ multiparty computation wallets will secure tokenized assets on Mavryk’s network. This infrastructure allows investors to trade and borrow against real estate-backed tokens without handling their own private keys.
This new funding round follows the $5.2 million raised in February by Mavryk Dynamics, the developer of Mavryk Network. The fresh capital builds on earlier momentum and highlights growing interest in tokenization solutions.
Tokenization of RWAs refers to creating digital tokens that represent ownership of assets such as real estate, stocks, or bonds. One of the main advantages cited is improved liquidity for traditionally illiquid markets. By enabling fractional ownership and broader participation, tokenization could make real estate investment more flexible.
Industry reports suggest significant potential for this approach. Deloitte has projected that the global tokenized real estate market could reach $4 trillion over the next decade.
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By Proptechbuzz
By Ravi Kumar