MultiBank Group launches $MBG token with a plan to burn 50% of supply, aiming to increase long-term value through buybacks.
MultiBank Group has entered the arena to boost the value of its native token, $MBG. Recognized as the world’s largest financial derivatives institute, MultiBank has launched an aggressive buyback and burn initiative to significantly increase the token’s value by eliminating 50% of the total MBG supply over the coming years.
The company’s bold objective includes removing a substantial portion — $58.2 million worth of $MBG tokens — in the first year, which would cut the total supply by 10.5%. Over five years, the aim is to burn $440.26 million worth of tokens, reducing the supply by at least 25.4%.
The ecosystem’s internal structure will facilitate the reduction of 50% of the total supply as token usage grows across the platform.
It is a Cornerstone of Our Future Digital Infrastructure – CEO of MultiBank
“$MBG is meant to be more than a utility token — it’s a cornerstone of our future digital infrastructure,” stated Zak Taher, CEO of MultiBank.io. “Our buyback and burn initiative clearly shows our belief in the token’s value and the ecosystem we’re constructing around it.”
The token will launch on the Ethereum blockchain and function as a multi-utility cryptocurrency used for loyalty rewards, payments, and intercompany settlements across key MultiBank Group businesses, such as MultiBank FX for retail trading, MEX Exchange for institutional ECN services, and MultiBank.io for crypto-related products.
Users will reportedly be able to use $MBG for staking, fee payments, cashback, and accessing additional perks like discounts and early entry right from the start.
Deflationary Model that Goes Beyond Mechanics
MultiBank Group claims its deflationary model extends beyond simple mechanisms, with backing from strong global financial institutions. With an average daily trading volume of $35 billion, MultiBank Group holds a $607 million balance sheet and recorded a net income of $275.9 million in 2024.
As the world’s largest financial derivatives institute, the platform holds 17 regulatory licenses, enabling it to operate across five continents. MultiBank holds a valuation of $29 billion, with its institutional ECN arm, MEX Exchange, valued at $23.7 billion alone.
MultiBank.io and Future Plans
The group’s first centralized exchange — MultiBank.io — is scheduled to launch in June 2025, alongside the generation of the MBG token. As the project’s utility expands, the buyback initiative will scale parallel to maximize potential value.
Looking ahead, plans for the MBG token include integrating its functions throughout MultiBank Group’s global infrastructure in 2025, extending into the ECN and prime brokerage domains in 2025, and launching a decentralized exchange within the same year. By 2030, the group aims for a daily trading volume surpassing $460 billion.
