MultiBank, MAG, Mavryk Ink World’s Largest $3bn RWA Tokenization Deal.

MultiBank, MAG, Mavryk Ink World’s Largest $3bn RWA Tokenization Deal.

MultiBank Group, the world’s largest financial derivatives institution based in Dubai, has signed a landmark $3 billion real-world asset (RWA) tokenization agreement with United Arab Emirates (UAE)-based real estate giant MAG and blockchain infrastructure provider Mavryk.

The deal represents the largest RWA tokenization initiative globally to date and highlights the upcoming launch of MultiBank’s native utility token, MBG, according to a press release.

The partnership will bring MAG’s ultra-luxury real estate projects — including The Ritz-Carlton Residences, Dubai, Creekside and the Keturah Reserve — onto the blockchain via MultiBank.io’s regulated RWA marketplace.

Once tokenized, these assets will be available to global investors and will generate daily yield for holders directly on the platform.

In $2.9bn Deal, Coinbase Buys Deribit to Expand in U.S. Crypto Options Market.

The largest US-based crypto exchange has entered into an agreement to acquire the biggest digital asset options trading platform. The statement by Coinbase informed that the overall value of the transaction will be approximately $2.9 billion, comprised of cash and company shares.

The Wall Street-listed company described the move as a “milestone transaction,” as Deribit is the global leader in terms of crypto options, with a current open interest of roughly $30 billion. According to the statement, this acquisition will highlight Coinbase’s derivatives business, “establishing us as the premier global platform for crypto derivatives.”

$700 million out of the $2.9 billion total will be paid in cash, while the remaining will be in the form of 11 million shares of Coinbase Class A common stock. Although the transaction is subject to regulatory approval by US watchdogs, Coinbase’s stock prices soared in pre-market trading by almost 5% to over $200.

Trump Crypto Adviser David Bailey Raises $300mn For Bitcoin Investment Firm.

David Bailey, CEO of crypto media company BTC Inc. and a close adviser to US President Donald Trump on digital assets, has reportedly raised $300 million to launch a new Bitcoin investment firm.

The venture, named Nakamoto after the pseudonymous creator of Bitcoin, Satoshi Nakamoto, aims to become a publicly traded company focused on acquiring and holding the cryptocurrency, CNBC reported, citing people familiar with the matter.

The funding round, which has been quietly in motion since January, includes $200 million in equity and $100 million in convertible debt.

Nakamoto’s strategy is modeled on that of companies like Strategy, which transformed itself into a Bitcoin-holding powerhouse under Michael Saylor. The firm will invest in and acquire businesses globally, in countries such as Brazil, Thailand and South Africa, while deploying Bitcoin as part of its capital structure.

Crypto Investment Firm Dao5 Raises $222mn Fund to Back Institutional Blockchain Adoption.

Crypto investment firm dao5 raised a $222 million fund to invest in blockchain projects targeting institutional and government adoption. The fund brings the firm’s total assets under management to $550 million.

Founded in 2022 by Tekin Salimi, a former partner at Polychain Capital, dao5 made early bets on projects including Story Protocol, Bittensor, Berachain and EigenLayer.

The new fund’s focus is on-chain public infrastructure, novel stablecoin systems and “state-sovereign artificial intelligence.” In tandem with the fundraise, the firm plans for its dao5 fund to convert into a decentralized autonomous organization later this year.

To support its expansion, the firm added George Lambeth, who previously backed projects like Avalanche and Celestia, as General Partner.

Polygon Spin-Off Miden Secures $25mn to Bring Speed, Privacy to Institutional Giants.

Miden, a protocol specializing in privacy and fast transaction speeds for large institutions, is spinning out of Polygon and has raised $25 million in a seed round.

The funding will be used to develop the Miden’s roadmap, including ecosystem expansion and developer tooling.

This round was led by a16z crypto, 1kx and Hack VC, with participation from Finality Capital Partners, Symbolic Capital, P2 Ventures, Delta Fund, and MH Ventures.

Miden’s design, which makes use of zero-knowledge technology, is geared for large institutions that need transaction confidentiality when executing large payment batches.

You need to login in order to Like