Mavryk Network Secures $10 Million to Tokenise Billions in UAE Real Estate
Mavryk Network, an innovative Layer-1 blockchain platform engineered for robust enterprise integration, has successfully closed a strategic funding round, raising $10 million. This significant capital injection was spearheaded by MultiBank Group, a global leader in financial derivatives and an established partner in Mavryk’s real estate tokenisation endeavors. This fresh funding is poised to dramatically accelerate Mavryk’s ambitious initiative to digitize over $10 billion worth of prime real estate assets across the United Arab Emirates. The overarching goal is to democratize access to exclusive investment avenues and enhance liquidity within the property market, traditionally one of the world’s most illiquid asset classes.
Driving Digital Transformation in UAE Property Markets
The core of this groundbreaking development lies in Mavryk’s long-standing collaboration with MultiBank Group. This partnership is instrumental in realizing the vision of tokenising an impressive $10 billion in UAE real estate. By converting traditional property assets into digital tokens on the blockchain, Mavryk aims to revolutionize how individuals and institutions invest in real estate. This process not only opens up premium investment opportunities to a broader spectrum of investors but also addresses the inherent challenges of illiquidity in the property sector, allowing for fractional ownership and easier transferability. The recent $10 million funding round follows an earlier raise of $5.2 million by Mavryk’s development arm, Mavryk Dynamics, in February, bringing the total capital secured to date to an impressive $15.7 million. This combined war chest underscores strong investor confidence in Mavryk Network’s technology and its potential to reshape global real estate investment through blockchain innovation.
This substantial funding empowers Mavryk Network to cement its position at the forefront of real estate tokenisation. By leveraging its Layer-1 blockchain infrastructure, Mavryk is set to unlock unprecedented value in the UAE’s vibrant property market, offering a more accessible, transparent, and liquid investment landscape for global participants. This move represents a pivotal step towards a future where digital assets play a central role in mainstream finance and investment strategies.
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