MultiBank Group announces $MBG buyback and destruction plan, H1 revenue reaches $209 million

MultiBank Group, Dubai's largest financial derivatives firm, announced a buyback and burn plan for its $MBG tokens to enhance scarcity and boost long-term value. The company's revenue reached $209 million in the first half of 2025, a 20% year-over-year increase, with profits reaching $170 million. Since its launch on July 22nd, the price of $MBG has risen sevenfold from its IPO price. The plan anticipates a buyback of $58.2 million in the first year, totaling $440 million over five years. $MBG tokens reportedly support MultiBank's four ecosystems: traditional finance, institutional ECN, crypto trading platform, and RWA asset tokenization projects.