Investors Back $10bn UAE Property Tokenization with $10m Raise

A strategic move for UAE real estate that investors should watch

A development that could change how people buy and finance property in the Gulf has advanced: Mavryk Network has raised $10 million in a strategic round led by MultiBank Group to expand plans to tokenize more than $10 billion of real estate in the UAE. For anyone tracking the UAE real estate market, this is more than a crypto press release; it is an important signal that real-world asset tokenization is moving from proofs of concept toward commercial-scale deals.

In our analysis, this deal ties together three elements that matter to buyers and investors: a large financial backer (MultiBank), a layer-1 blockchain platform (Mavryk), and a custody provider (Fireblocks) providing multiparty computation wallets. These pieces are designed to let investors trade and borrow against tokens that represent stakes in physical property without managing private keys directly.

What this announcement means in one line

Mavryk and MultiBank aim to expand access to premium UAE property by issuing digital tokens backed by physical assets, supported by a custody layer that enables trading and credit against those tokens.

Deal anatomy: who is funding what and how it fits together

The public facts are straightforward and specific. On 17 September 2025, Mavryk said it raised $10 million in a strategic investment led by MultiBank Group. The two partners have an existing arrangement to tokenize over $10 billion of UAE real estate using MultiBank’s RWA platform. The round follows an earlier raise of $5.2 million by developers Mavryk Dynamics in February 2025.

Key players and roles:

• Mavryk Network: a layer-1 blockchain that will host tokenized real-world assets (RWAs).
• MultiBank Group: financial derivatives provider and strategic investor; MultiBank is the partner coordinating the RWA platform and the large property pipeline.
• Fireblocks: a major digital asset custody provider offering multiparty computation (MPC) wallets that safeguard private keys and enable institutional-grade custody and transaction flows.

This setup is designed so token holders can trade tokens or borrow against them without holding private keys themselves, relying instead on the custodial and MPC layer.

How RWA tokenization works — practical overview for investors

Real-world asset (RWA) tokenization means representing ownership rights or economic exposure to physical assets as digital tokens on a blockchain. For property, that can mean:

• Fractional ownership: large properties or portfolios are split into smaller digital units, allowing smaller investors to acquire portions.
• Secondary trading: tokens can be listed and exchanged on secondary markets, increasing liquidity relative to direct ownership.
• Programmable rights: smart contracts automate distributions, voting, or transfer restrictions.
• Collateralized lending: tokens can be used as collateral for loans, enabling leverage or liquidity without selling the underlying asset.

From a practical standpoint, tokenization requires three building blocks:

1. Legal wrapper: a structure that links token ownership to enforceable property rights or contractual claims on cash flows.
2. On-chain representation: the token standard and smart contracts that record ownership and rules on the blockchain.
3. Custody and infrastructure: secure wallets, KYC/AML, compliance, and market access for trading and lending.

Mavryk, MultiBank and Fireblocks are positioning to cover these elements: MultiBank supplies asset origination and the RWA platform, Mavryk provides the blockchain rails, and Fireblocks supplies custody.

Why tokenization matters for property investors and what it could change

We have tracked fractionalization experiments for years, but this project is sizable in scale and ambition. Here are the practical implications for different investor types:

• Retail investors: Tokenized property could lower minimum ticket sizes and open access to prime UAE property that was previously available only to high-net-worth buyers.
• Institutional investors: Tokens could enable faster portfolio rebalancing and new sources of collateral for financing desks.
• Property owners/developers: Tokenization offers alternative capital, potentially unlocking liquidity without a full sale.

Benefits often cited include greater liquidity for an otherwise illiquid asset class and broader investor reach. The structure used by the partners aims to let token holders trade tokens and borrow against them, which is attractive if markets develop and legal rights are clear.

That said, liquidity is not automatic. Markets for tokenized property will need buyers, market makers, clear legal recourse, and interoperability with existing finance systems to deliver on the promise.

Market scale and forecasts — the numbers to keep in mind

The data points cited with this investment are notable and will be used by market participants to gauge scale:

• $10 million is the strategic investment Mavryk received from MultiBank-led round.
• The partnership targets tokenizing over $10 billion of UAE real estate.
• Deloitte projects the global tokenized real estate market could reach $4 trillion within 10 years.

These numbers are eye-catching, but they need context. A $10 billion pipeline in the UAE would be a meaningful portion of the luxury and commercial sectors but is still a small fraction of global real estate values. Deloitte’s forecast is a long-range industry estimate, not a guarantee of adoption.

From our experience, large headline forecasts influence capital flows, but actual market growth will be gradual and uneven; early adopters tend to focus on legal, tax, and custody certainty before committing large allocations.

Regulatory and legal questions in the UAE — what investors should check

Tokenization intersects with property law, securities rules, tax, and cross-border compliance. In the UAE, these intersections matter more because buyers and investors often come from multiple jurisdictions.

Checklist investors should use when assessing tokenized UAE real estate deals:

• Confirm the legal mechanism linking token ownership to enforceable rights over the property or income streams.
• Identify the jurisdiction of the legal wrapper (onshore UAE, freezone such as ADGM or DIFC, or offshore) and understand dispute resolution mechanisms.
• Verify whether the token is classified as a security under applicable law; if so, check prospectus or offering requirements and private placement exemptions.
• Check AML/KYC procedures, especially for cross-border retail access.
• Clarify tax treatment for capital gains, rental income, and withholding tax for foreign investors.

The announcement does not detail the legal structures. That absence matters.