The MBG token pre-sale conducted by MultiBank Group sold out in less than an hour, with all 7 million tokens purchased through the company’s central platform and Uniswap. Priced at $0.35 per token, the offering raised approximately $2.45 million.The sale marks a notable moment in Web3 capital formation, as it comes from a global TradFi institution with a 20-year operating history. MultiBank Group is regulated in five continents and handles $35 billion in daily trading volume, with over $29 billion in managed assets.MBG will work as a utility token within the group’s digital ecosystem, offering trading discounts, staking rewards, access to loyalty benefits, and early product features. It will also serve as an access point to the company’s $3 billion tokenized real estate initiative in Dubai.Naser Taher, Chairman of MultiBank Group, called the sale “a vote of confidence in a token that is designed for long-term users, not for speculators”.The token economics include a $440 million buyback and burn program funded by platform revenues. This deflationary structure aims to align token value with ongoing usage.A second pre-sale round is coming up before the token generation event on July 22. This launch is expected to represent the full rollout of MBG’s utility framework. Early adopters will have the opportunity to stake their tokens for yield, utilize loyalty features, and access MultiBank’s upcoming product suite.Observers note that the strong demand may also reflect broader sentiment shifting toward RWA-backed tokens, i.e., those anchored to tangible assets like real estate or commodities. While many tokens promise utility, few are backed by a real operating company with licensed financial operations on five continents. That alone sets MBG apart in a market still recovering from reputational hits in previous cycles.As mentioned earlier, the TGE will reportedly coincide with MultiBank’s unveiling of new trading interface upgrades and dashboard tools built for both retail and institutional users. Focusing on user experience, regulatory compliance, and integrated token incentives, MBG is positioning itself as a potential model for traditional institutions looking to enter the Web3 space without sacrificing compliance or functionality. The event is attracting significant interest from both crypto investors and traditional traders who are eager to explore ways to incorporate real-world assets into their strategies.MBG’s early momentum suggests that demand is growing for tokens tied to operational platforms and established financial frameworks rather than purely speculative launches.Industry analysts note that while previous bull runs were driven largely by meme tokens or hype cycles, the current trend points toward infrastructure and asset-backed innovation. MBG appears to straddle both ends of that shift, offering both DeFi-like utility and ties to a compliant financial institution. This puts it in a unique position as Web3 matures and seeks to regain trust after years of volatility.The next major milestone for MultiBank’s token roadmap is its integration into the broader MultiBank Exchange (MEX) infrastructure. If execution matches expectation, MBG could soon serve not just as a discount mechanism or yield tool, but as a default utility token across a full-service crypto-tradfi exchange.With the second pre-sale round now officially announced and the TGE approaching, MBG will be one of the most closely watched launches of the summer.The post 7M Tokens Claimed in First MBG Pre-Sale as MultiBank Prepares for Final Phase appeared first on Blockonomi.