Things like Multibank and Mavryk are really empty houses @multibank_io
@MavrykNetwork
They're already famous, but they're different from the fake empty houses that are just called empty houses.
However, it's a bit ambiguous for the public (?) to take an interest, so even if they know it's an empty house, it's hard to say.
There might be a reason why it's an empty house, haha.
They're going deeper and more professionally into the existing RWA sector, but even if they talk about the MRC-30 standard, it's hard for individuals to understand.
How should I put it…
If it were completely new, there would be a lot more to imagine, but since it's an existing field, it's difficult to say, "This is better!"
(But that’s not very popular)
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Especially in the case of Mavryk, the founder is from Tezos, so there are a lot of things that sound unfamiliar to us, haha. It feels like a product presentation from an engineer.
The Multibank group seems to be making good money and all, but... hmm...
Double Yielding
@multibank_io and @MavrykNetwork
(About $1800 or so?)
It might be a project that no one cares about, haha.
Both are RWA projects, and since Marvryk and MultiBank are in a partnership, it’s a small yield? If you’re interested in RWA, it’s worth checking out these projects.
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MultiBank already has a token called $MBG listed on exchanges, and it’s showing a peg of nearly $2.
(The presale price was around $0.35, perfectly adjusting their own price)
Surprisingly, MultiBank has a long history... Established in California in 2005 -> moved to Dubai, the crypto sector of the MultiBank Group is diving into the RWA and OTC markets.
They operate with licenses from over 17 regulatory agencies and have branches in more than 25 countries, originally active in Fx, CFD, and derivatives.
Currently, they are pushing for the tokenization of premium real estate in Dubai worth $3B... but I’m not sure about the exact details.
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They expect a net profit of about $275 million in 2024, with assets around $607 million, and the group’s value is about $29 billion, aiming to burn 50% of the total supply through buybacks.
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Mavryk doesn’t have much content, but I see it as an L1 for RWA~
They recently completed a $5.2M seed round funding around February 2025, and they already have a token $MVRK (currently $0.11).
(Actually, the CEO is from Tezos... RWA dedicated L1..? Hmm... I don’t know?)
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Each yield pool is:
- MultiBank $150k
- Mavryk $550k
In the case of MultiBank, with 200 people... if evenly distributed, it would be $750 per person.
For Mavryk, if evenly distributed among about 500 people, it would be $1100.
If the expected even distribution from double yielding is $1850, I think it’s not bad as pocket money :)
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