MultiBank, powered by mb.io licensed in Dubai to tokenize African Gold on Mavryk Blockchain
MultiBank Group’s crypto arm mb.io, brings African gold on-chain by partnering with Kings Orbis, EON3 Group, and Mavryk with vaulting in Dubai under LBMA approved custody. The tokenized gold program will be powered by mb.io RWA, licensed by Dubai’s VARA under MEX Digital FZE, with dedicated supply from EON3 Group using Mavryk as the Layer 1 blockchain and RWA tech infrastructure partner.
As per the press release, the partnership unites four institutional roles in a single architecture: mb.io RWA as the regulated tokenization marketplace which also operates a regulated crypto exchange and dedicated RWA marketplace for tokenized RWAs , Kings Orbis as program coordinator, EON3 Group as the dedicated institutional supply partner, and Mavryk as the Layer 1 blockchain and RWA tech infrastructure partner.
Zak Taher, CEO of mb.io and Chief Business Officer of MultiBank Group, said that the partnerships is a defining moment for real-world asset tokenization. It brings the heritage and value of Ashanti gold on-chain through mb.io RWA. He stated, “We are giving global investors access to one of the world’s oldest and most trusted stores of value in a fully digital, fractional, and regulated form. The additional Gold Art collection adds an extraordinary cultural dimension to this initiative, connecting tradition, art, and finance in a way that has never been done before.”
The Ashanti Kingdom, one of West Africa’s most historically significant kingdoms, has been synonymous with gold for centuries. The region was known globally as the “Gold Coast” for its unmatched gold reserves and has produced gold for over 700 years, supplying global trade routes and shaping the cultural and economic identity of modern Ghana. This collaboration brings that legacy on-chain, making Ashanti gold accessible to a global investor base for the first time in a digitally native, fractionally tradeable form.
Each token represents direct ownership of the underlying physical gold, vaulted in Dubai under institutional-grade custody. Beyond commodity-grade gold, the partnership will also tokenize a curated collection of Gold Art, physical artworks crafted from and inspired by Ashanti gold, honoring the cultural legacy of His Majesty Otumfuo Osei Tutu II, the Asantehene and a globally recognized advocate for the Pillars of Peace movement.
The program gives international investors access to African gold in a digital, fractional format. Physical backing is independently verified at every stage.
Under the architecture being developed, each token will represent direct institutional ownership of the underlying physical gold, vaulted in Dubai under LBMA-approved institutional custody. Kings Orbis is structuring the programme on a single founding principle: every token in circulation must be backed by an independently verified physical asset, with institutional oversight at every stage of the lifecycle, from sourcing and refining through vaulting, tokenisation, and secondary trading.
The program is delivered through mb.io RWA, MultiBank Group’s digital asset and tokenization arm. mb.io runs a regulated crypto exchange and will be launching a dedicated marketplace for tokenized real-world assets. Self-custodial wallets and on-chain compliance are built into the platform from the ground up.
It is powered by Mavryk, mb.io’s dedicated Layer 1 blockchain and RWA tech infrastructure partner. Mavryk’s purpose-built infrastructure provides the technical foundation for issuing, settling, and trading tokenised physical gold at institutional scale, with the compliance hooks, lifecycle controls, and interoperability that regulated programmes require. Mavryk has been integrated as the dedicated Layer 1 across mb.io’s RWA programme, ensuring a consistent technology stack across asset classes.
Christian Rainer Arndt, Managing Partner of DEVPRAG FZCO and principal of Kings Orbis FZCO, explained, “Kings Orbis has been built on the principle that institutional-grade tokenization requires institutional-grade architecture, verified supply, regulated custody, and independent oversight at every stage. Our supply partnership with EON3 Group Ghana Ltd anchors the program in a credible institutional supply chain, and this partnership with mb.io and Mavryk brings the platform, the infrastructure, and the program coordination into a single institutional framework. We are progressing carefully and look forward to sharing more in due course.”
Richard Ofori Atta, Chairman of EON3 Group Ghana Ltd, added “EON3 has spent years building the operational foundations to bring African gold to international markets in physical form, particularly through our minting and refining work in producing investment-grade bullion. With this partnership, we now take that work into its next chapter, digitizing and tokenizing African gold under institutional architecture, in collaboration with Kings Orbis, mb.io, and Mavryk. It is a natural and important evolution that opens new pathways for African gold as a credible, transparent, and globally accessible institutional asset.”
Alex Davis, Co-Founder and CEO of Mavryk, concluded that Mavryk was built specifically for real-world assets, with a focus that makes a program like this possible at institutional scale.
