$MBG Token Supply Reduced by 4.86M in First Buyback and Burn by MultiBank Group

Hong Kong, PRC, August 27th, 2025, Chainwire

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 trad

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Author: Crypto Daily™

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