PANews
PANews|Aug 20, 2025 11:42
MultiBank Group announces MBG buyback and destruction plan, H1 revenue reaches $209 million Dubai's largest financial derivatives institution, MultiBank Group, has announced a repurchase and destruction plan for its MBG tokens to enhance token scarcity and increase long-term value. The company's revenue for the first half of 2025 reached 209 million US dollars, a year-on-year increase of 20%, with a profit of 170 million US dollars. Since its launch on July 22nd, the MBG price has risen to seven times the issue price. The planned repurchase amount is expected to reach $58.2 million in the first year and $440 million over five years. It is reported that MBG token supports four major ecosystems of MultiBank, including traditional finance, institutional ECN, encrypted trading platforms, and RWA asset tokenization projects.
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