2025-10-15, Wed.

Top Stories       Business       Culture & Life       Science & Technology       World

Lecture

Notification

 

NEWS > Business


MultiBank Group Completed First $MBG Buyback & Burn, Removing 4.86M Tokens After Record H1 2025 Financial Results

Date: 2025-09-09

HONG KONG -- MultiBank Group, the world’s largest financial derivatives institution, has announced the successful execution of its buyback and burn program, permanently removing 4,860,000 $MBG tokens from circulation.

The milestone follows the Group’s record-breaking financial results, with H1 2025 revenue reaching $209 million and an average daily trading turnover of $36 billion since the Token Generation Event on July 22.

The $MBG Buyback and Burn program underscores MultiBank Group’s commitment to rewarding its community while strengthening the long-term fundamentals of the $MBG Utility Token. By reducing supply, the Group is actively driving scarcity and reinforcing token value. The initiative is structured to scale significantly, with up to $58.2 million worth of $MBG expected to be retired in the first year and a cumulative $440 million over five years.

The move builds on the token’s strong early performance. Since listing on July 22 across MultiBank.io, MEXC, Gate.io, Uniswap, and BingX, $MBG has climbed to seven times its debut price, attracting worldwide attention as one of the market’s most closely followed new assets.

Naser Taher, Founder and Chairman of MultiBank Group, said:
“This first buyback proves the power of our ecosystem, bridging TradFi, our institutional ECN, a regulated crypto exchange, and real-world asset (RWA) tokenization. $MBG is becoming the utility token at the core of it all. Today’s burn is just the start — with additional utilities, greater scarcity, and more community rewards coming soon.”

The $MBG Utility Token powers MultiBank’s four-pillar ecosystem:

·MultiBank TradFi: The Group’s CFD powerhouse, which generated $362 million in revenue last year and reported record-breaking H1 2025 results of $209 million. $MBG can be used for reduced fees and enhanced platform features.
·MEX Exchange (Institutional ECN): A $23.7 billion hybrid FX and crypto ECN for emerging markets, with $MBG streamlining settlement, mitigating counterparty risk, and enabling smart contract-based margining.
·MultiBank.io (crypto exchange): Regulated across multiple jurisdictions, including the UAE and Australia, it offers spot and leveraged trading. $MBG provides reduced costs and benefits, including launchpad participation, staking, and token-driven opportunities.
·MultiBank.io RWA: Built on Mavryk’s layer-1 blockchain, this division underpins the world’s largest RWA tokenization project to date, a $3 billion real estate deal with MAG Lifestyle Development, where $MBG holders receive fee discounts and early access.

With more than two million clients, 17+ financial licenses across five continents, and an unblemished compliance record since 2005, MultiBank Group is accelerating its blockchain and DeFi infrastructure to introduce a series of new initiatives in the months ahead.



 to the Top List of News

The LYCRA Company Goes ¡°ALL IN¡± at Intertextile Shanghai
Perma-Pipe Wins $30M in Contracts, Secures Key Saudi Aramco Approval for Strategic Expansion in Middle East Operations
DCO and Member States Unite through WE-Elevate to Advance Female-Led Enterprises in the Digital Economy
The LYCRA Company Announces Key Executive Appointments
Nippon Sanso Holdings Group Unifies Global Brand Logo Launching the ¡°NIPPON SANSO¡± Brand Worldwide
Zepp Health Acquires Core Assets of Wild.AI to Expand Support for Female Athletes Across Life Stages
LG¡¯s Transparent and Massive Digital Signage Headlines New Tokyo Commercial District

 

82% of Global LPs to Increase Exposure to Private Credit in Next Three...
Airship Named in 2025 Gartner¢ç Magic Quadrant¢â for Multichannel Mark...
Andersen Consulting Deepens Technology Capabilities with Indigo
HOMI AI Secures $1.5 Million from Korea Government¡¯s Global TIPS Prog...
CSC Honored in New York Law Journal ¡°Best Of¡± Awards for Fourteenth ...
Regnology Announces 32nd Annual RegTech Convention on 17-20 November
SES Appoints Joseph Cohen to Board of Directors
Andersen Global Launches Member Firm in Tanzania
Redefining the Road with ACP and AI: How LG, Xbox and Zoom Are Powerin...
Venture Global Announces Over $30,000 for the Monumental Sports & Ente...

 

 

60, Gamasanro 27gil, Guro-gu, Seoul, Korea, e-mail: news@newsji.com

Copyright, NEWSJI NETWORK.