Dubai based CFDs broker MultiBank Group has announced that it has hired Mohammed Al Hakim as Vice Chairman of MultiBank Group and CEO of MB.io, MultiBank’s crypto unit. Al Hakim will be charged with leading MB.io into new international markets, and will also oversee the expansion of MultiBank Exchange, the group’s matching engine operation. The appointment supports the Group’s ambitions across financial markets, digital assets and financial technology.

Responsibilities

Working directly with Naser Taher, Founder and Chairman of MultiBank Group, Al Hakim will strengthen partnerships with financial institutions, governments and sovereign wealth funds. His responsibilities will include advancing the Group’s capabilities in real-world asset tokenisation, institutional trading and cross-border settlement solutions through MB.io, its cryptocurrency and digital asset trading platform, and MultiBank Exchange, the fastest matching engine in interbank trading history.

Valuation claim

The company’s press release also made a fairly outlandish claim of MultiBank having a “reported valuation” of USD $32 billion, without citing a source or reason for how the privately owned company is valued. MultiBank claims (unverified) monthly trading volumes in the $450 billion monthly range. By comparison, Poland based CFDs broker XTB SA (WSE:XTB) averages verified monthly volumes of about $340 billion, and XTB has a market capitalization of $3.9 billion. eToro (NASDAQ:ETOR), whose quarterly Revenues are greater that those of XTB, sports a market cap of $1.8 billion.

Mohammed Al Hakim CV

Mohammed Al Hakim brings to MultiBank Group extensive leadership experience across government and international financial institutions. Before joining MultiBank, he served as President and General Manager of Crypto.com, following a senior leadership role within the UAE federal government. He is also a graduate of the Mohammed bin Rashid Leadership Program.

At Crypto.com, he led strategic partnerships with Emirates and Dubai Duty Free that expanded the company’s commercial reach across aviation and travel retail. These partnerships resulted in the launch of Crypto.com Pay with Emirates in July 2026, enabling eligible UAE customers to pay for flights through the airline’s website and app, followed by Dubai Duty Free in August 2026. The latter became the first airport retailer in the Middle East to introduce the regulated payment solution across its airport stores and online platform. Al Hakim also successfully secured a Stored Value Facilities licence from the Central Bank of the United Arab Emirates for Crypto.com, making it the first cryptocurrency company to obtain the licence.

Under his leadership, monthly transaction volumes for Crypto.com in the UAE increased 49-fold between January and December 2025, without a dedicated marketing budget.

He also advanced a government digital payments initiative with the Department of Finance in Dubai, including the launch of its pilot phase, and expanded institutional relationships with regulators, banks, financial institutions and international companies.

Naser Taher, Founder and Chairman of MultiBank Group, said,

“Mohammed’s appointment represents an important step in our strategy to build a globally integrated financial ecosystem. His understanding of regulatory environments, institutional markets and digital assets, combined with his ability to establish high-level partnerships, will be instrumental in advancing our international ambitions. Mohammed will play a central role in translating this vision into sustainable growth and strengthening MultiBank Group’s position in global financial markets.”

Mohammed Al Hakim, Vice Chairman of MultiBank Group and CEO of MB.io, said,

“I am honoured to join MultiBank Group at a pivotal stage in its development. The convergence of traditional finance and digital assets is creating significant opportunities to reshape how institutions and investors access global markets.

“My priority will be to translate the Group’s international ambitions into commercial results, bring MB.io to new markets and build MultiBank Exchange’s institutional reach. This includes establishing trusted partnerships and advancing solutions in tokenisation, digital asset trading and financial infrastructure. Working alongside Naser Taher and the Group’s leadership, our focus will be on delivering practical, scalable solutions that support institutional adoption and connect financial markets worldwide,” Al Hakim added.

About MultiBank Group

MultiBank Group, established in California, USA in 2005, is a global leader in financial derivatives, serving over 2 million clients across 100 countries, and boasts a daily trading volume that exceeds $35 billion. Renowned for its innovative trading solutions, robust regulatory compliance, and exceptional customer service, the Group offers an array of brokerage services and asset management solutions. It is regulated across five continents by 18+ of the most reputable financial authorities globally. The group’s award-winning trading platforms offer up to 1000:1 leverage on a diverse range of products, including Forex, Metals, Shares, Commodities, Indices, and Cryptocurrencies.

About mb.io

mb.io is the crypto exchange division of MultiBank Group regulated by VARA in the UAE and AUSTRAC in Australia. Headquartered in Dubai, the platform offers crypto spot trading, including the Group’s global ecosystem utility token, $MBG, alongside seamless on- and off-ramp solutions and high-volume trading through a dedicated OTC desk. The platform is built for customers who want access to cryptocurrencies without compromising regulatory oversight or transparency.