Mavryk Network, a Layer-1 blockchain designed for enterprise adoption, has secured 10 million in a strategic funding round. The round was led by MultiBank Group, a financial derivatives provider and Mavryks existing partner in real estate tokenisation projects.
This fresh injection of capital is expected to accelerate Mavryks plans to tokenise over 10 billion worth of real estate assets in the United Arab Emirates UAE. According to the announcement, the initiative is designed to broaden access to premium investment opportunities and unlock liquidity in one of the worlds most illiquid asset classes, property.
The funding round also follows a 5.2 million raise by Mavryks developers, Mavryk Dynamics, in February, bringing total funds raised to 15.7 million to date.