The layer of layer 1 MAVRYK said it had collected $ 10 million in a strategic investment led by the supplier of Multibank Group financial derivatives to extend its tokenization plans for real assets (RWA).
Mavryk Network and Multibank have an existing partnership for Tokenize more than $ 10 billion in real estate in the United Arab Emirates via the latter’s RWA platform.
The two companies aim to expand access to premium investments, such as real estate, according to an announcement sent Wednesday.
The initiative is also supported by the main Fireblocks blocks of the Digital Asset Guard, which provides the multipartite calculation portfolios which protect tokenized assets on the Mavryk network. This allows investors to trade and borrow against their tokens supported in real estate without having to manage their own private keys.
The financing round follows the $ 5.2 million collected by its developers, Mavryk Dynamics, in February.
The Rwas tokenization refers to the representation of the property of real assets, such as shares and bonds, as digital tokens which can be purchased and sold on blockchains.
Among other things, the motivations, one of the proposed advantages of tokenization is to generate greater liquidity by expanding access to a larger pool of investors. The idea is that a class of generally illiquid assets, such as real estate, could considerably benefit from tokenization.
Deloitte has planned that the global real estate market which could be worth 4 dollars of dollars in 10 years.
