MultiBank Group Names Mohammed Al Hakim Vice Chairman and MB.io CEO
The firm, established in California in 2005, puts its valuation at $32 billion and says it serves more than 2 million clients in 100 countries.
· 1 min read
MultiBank Group said on November 2, 2026, that Mohammed Al Hakim will serve as its vice chairman and as chief executive of MB.io, the firm's cryptocurrency and digital asset trading arm, according to a statement distributed by Business Wire.
The derivatives firm, which says it was established in California in 2005, said Al Hakim will report to founder and chairman Naser Taher and focus on building ties with banks, governments and sovereign wealth funds while pushing MB.io into additional markets. His remit also covers growth of MultiBank Exchange, which the company said is being launched alongside the appointment, and work in asset tokenisation, institutional trading and cross-border settlement.
Al Hakim previously was president and general manager of Crypto.com and held a senior post in the United Arab Emirates federal government. The company said he obtained a Stored Value Facilities licence from the UAE central bank for Crypto.com and arranged payment tie-ups with Emirates in July 2026 and Dubai Duty Free in August 2026.
MultiBank Group puts its valuation at $32 billion and reports more than 2 million clients across 100 countries, with daily trading volume above $35 billion.
This story was first reported by Business Wire.
Comments