#United Arab Emirates #Dubai #DigitalAssets #Fireblocks #MultiBank

MultiBank Group Partners with Fireblocks for $MBG Utility Token Launch

In a significant advancement in the blockchain and cryptocurrency space, MultiBank Group has expanded its collaboration with Fireblocks as it prepares to launch its highly anticipated $MBG utility token. The announcement was made on July 17, 2025, highlighting the strategic partnership that positions MultiBank as a key player in the financial derivatives market.

Fireblocks is renowned for providing secure digital asset infrastructure solutions, and since 2022, it has played a crucial role in managing MultiBank’s treasury operations and safeguarding customer funds. With the upcoming launch of the $MBG token, MultiBank will utilize Fireblocks’ Tokenization Engine. This platform will facilitate the secure minting, burning, vesting, and automated distribution of the utility token, which aims to deliver various user benefits, including discounted trading fees and enhanced platform functionalities.

Zak Taher, CEO of MultiBank.io, emphasized the importance of having a robust infrastructure provider as they broaden their digital asset offerings to cater to a growing global client base. He stated, “Fireblocks' end-to-end tokenization platform enables these capabilities through programmable smart contracts and an institutional-grade governance framework, allowing MultiBank to rapidly scale its product offerings without compromising on security or performance.”

Key Benefits of the Fireblocks Platform

The collaboration with Fireblocks delivers several advantages that will greatly enhance MultiBank’s operations:

• - Secure Treasury Operations: Fireblocks ensures the safe custody and rapid access to funds across multiple liquidity providers.
• - Accelerated Token Deployment: The utility token can be launched promptly thanks to automated vesting and lifecycle controls, which streamline the process.
• - Operational Efficiency: MultiBank will experience reduced development costs and complexities by leveraging Fireblocks' turnkey infrastructure.
• - Customer Trust: The use of auditable smart contracts and robust security measures enhances trust and credibility in the market.

Stephen Richardson, the Chief Strategy Officer and Head of Banking at Fireblocks, expressed enthusiasm about deepening their collaboration with MultiBank as they amplify their presence in the digital asset ecosystem. He noted that MultiBank’s approach to tokenization indicates a growing demand from institutions for secure and scalable digital asset infrastructure. Fireblocks, as a trusted provider, delivers comprehensive custody, governance, and operational efficiency that supports MultiBank’s innovation without compromising on security.

What’s Next for MultiBank?

The $MBG utility token launch symbolizes a pivotal moment for MultiBank as it continues to establish itself as a leader in the cryptocurrency exchange realm. By integrating advanced tokenization capabilities, MultiBank is set to enhance its service offerings, adapting to client needs and emerging market trends. This initiative not only reinforces their commitment to offering a diverse array of digital asset products but also underscores their strategic alignment in addressing the needs of a global, risk-aware clientele.

Fireblocks' commitment to enabling secure, scalable, and compliant digital asset innovation for institutions worldwide further solidifies its position as a leading infrastructure supplier. With a solid customer base exceeding 2,000 and over $10 trillion in digital asset transfers secured, Fireblocks remains a formidable partner for banks, exchanges, fintechs, and asset managers aiming to thrive in the evolving digital landscape.

For more information on Fireblocks’ tokenization platform and the upcoming $MBG launch, interested parties can visit Fireblocks.