Ghana Gold Goes Digital Through Crypto Partnership

Tokenizing African Gold: A New Era

MultiBank Group's crypto division, mb.io, has partnered with Kings Orbis, EON3 Group, and Mavryk to bring African gold onto the blockchain. The collaboration was announced on May 11, 2026, in Dubai, United Arab Emirates.

The partnership aims to tokenize institutional gold through mb.io's Real-World Assets (RWA) platform. The gold will be vaulted in Dubai under the London Bullion Market Association (LBMA)-approved custody. EON3 Group will provide a dedicated gold supply, while Mavryk's Layer 1 blockchain technology will support the tokenization process.

The tokenization program will allow for the creation of digital assets backed by physical gold. This is expected to increase liquidity and accessibility in the gold market. By leveraging blockchain technology, the partners aim to provide a secure and transparent way to trade gold.

Can Blockchain Revolutionize Gold Trading?

Mavryk's Layer 1 blockchain technology will play a crucial role in the tokenization process, enabling fast and secure transactions. The use of blockchain technology is expected to reduce the risk associated with gold trading and provide a more efficient way to settle transactions.

The partnership is expected to have significant consequences for the gold market, potentially increasing liquidity and driving growth. As the tokenization of gold becomes more widespread, it is likely to attract new investors and open up new opportunities for market participants.

Frequently Asked Questions

What is the role of mb.io in the partnership? mb.io will power the institutional gold tokenisation programme through its RWA platform, providing the necessary infrastructure for the tokenization process.

What is the significance of LBMA-approved custody? The LBMA-approved custody ensures that the gold is stored securely and in accordance with industry standards, providing an additional layer of security for investors.

How will the tokenization of gold benefit investors? The tokenization of gold is expected to provide investors with a more secure, transparent, and efficient way to trade gold, potentially reducing risk and increasing liquidity.