MultiBank Names Al Hakim Vice Chairman and MB.io CEO
MultiBank Group has appointed Mohammed Al Hakim as Vice Chairman of the group and CEO of its digital asset platform MB.io.
Updated on Nov. 2, 2026 in People
MultiBank Group has appointed Mohammed Al Hakim as Vice Chairman of MultiBank Group and CEO of MB.io, its cryptocurrency and digital asset trading platform. The appointment was announced alongside the launch of MultiBank Exchange, which the company describes as the fastest matching engine in interbank trading history.
Why it matters
The appointment places a former Crypto.com regional executive with UAE government experience in charge of MB.io as the company pursues real-world asset tokenisation, institutional trading and cross-border settlement. It signals a push to deepen ties with financial institutions, governments and sovereign wealth funds.
MultiBank Group reports a valuation of US$32 billion (AED 117 billion) and trading volumes of US$450 billion (AED 1.65 trillion), with a peak single-day volume of US$55 billion (AED 202 billion). The announcement does not specify the period covered by the volume figures or how the valuation was determined.
The players
MultiBank Group
MultiBank Group is a Dubai-based financial services firm whose operations include interbank trading and cryptocurrency platforms.
Naser Taher
Naser Taher is the Founder and Chairman of MultiBank Group, to whom Al Hakim will report directly.
The details
Al Hakim's remit includes advancing real-world asset tokenisation, institutional trading and cross-border settlement through MB.io, and he will work directly with Naser Taher, Founder and Chairman of MultiBank Group. He is expected to strengthen the group's global presence, lead MB.io into new international markets and oversee expansion of MultiBank Exchange's institutional reach.
Timeline
November 2, 2026: Al Hakim's appointment is announced, coinciding with the launch of MultiBank Exchange.
Market Landscape
The move places MultiBank within a competitive race among trading platforms to offer tokenised real-world assets and institutional-grade settlement. Positioning a former Crypto.com executive at MB.io signals an effort to compete directly with established digital asset exchanges.
Customers of MB.io and MultiBank Exchange may see changes to platform offerings as tokenisation and institutional trading expand. Users should watch for announced product or pricing updates from the company.
The takeaway
Leadership changes at digital asset firms often precede shifts in product strategy, so the appointment is worth tracking for its effect on MB.io's offerings. Readers with exposure to the platform should monitor how tokenisation and settlement services develop under new leadership.
Further reading
Explore more business people appointments coverage on Wisevoter.
