Mavryk Network Raises $10M for UAE Real-Estate Tokenization Plans

Core Insights - Mavryk Network has raised $10 million in a strategic investment led by MultiBank Group to enhance its real-world asset (RWA) tokenization initiatives [1] - The partnership aims to tokenize over $10 billion worth of real estate in the UAE, broadening access to premium investments [1][2] - The initiative is supported by Fireblocks, which provides secure multiparty computation wallets for safeguarding tokenized assets [2] Company Developments - Mavryk Dynamics, the developers behind Mavryk Network, previously raised $5.2 million in February [2] - The funding will facilitate trading and borrowing against real estate-backed tokens without the need for investors to manage private keys [2] Industry Trends - RWA tokenization involves representing ownership of real-world assets as digital tokens on blockchains, potentially increasing liquidity by attracting a larger pool of investors [3] - Deloitte projects that the global tokenized real estate market could reach a valuation of $4 trillion in the next decade [4]