MultiBank Group Names New Vice Chairman and MB.io CEO

Mohammed Al Hakim Named MultiBank Group Vice Chairman and MB.io CEO

MultiBank Group has appointed Mohammed Al Hakim as vice chairman and chief executive officer of MB.io, the group's cryptocurrency and digital asset trading platform. Based in Dubai, Al Hakim will also oversee the expansion of MultiBank Exchange, the group's interbank trading venue.

The appointment gives Al Hakim responsibilities across both the group's digital asset operations and its broader institutional relationships. He will work with MultiBank Group founder and chairman Naser Taher to build relationships with financial institutions, government agencies, and sovereign wealth funds.

Al Hakim's Responsibilities at MultiBank Group

In his new positions, Al Hakim will lead MB.io and help grow MultiBank Exchange. His work will include developing the group's services in real-world asset tokenization, institutional trading, and cross-border settlement.

MultiBank Group says it is building an ecosystem that connects traditional financial services with digital asset products. The company has reported a valuation of $32 billion (AED 117 billion) and total trading volume of $450 billion (AED 1.65 trillion). It has also reported peak daily trading volume of $55 billion (AED 202 billion).

The group describes MultiBank Exchange's matching engine as the fastest in interbank trading history. However, the appointment announcement did not explain how the company measured the system's speed.

Taher said Al Hakim's background in regulation, institutional markets, and digital assets will support the group's international plans. He also cited Al Hakim's experience building partnerships as relevant to the company's expansion across financial services and global markets.

Al Hakim said his priorities include bringing MB.io to more markets and extending MultiBank Exchange's reach among institutional clients. He also plans to develop partnerships and services related to tokenization, digital asset trading, and financial infrastructure.

Al Hakim's Crypto.com and UAE Experience

Before joining MultiBank Group, Al Hakim was president and general manager of Crypto.com. Earlier in his career, he held a senior leadership role in the UAE federal government and graduated from the Mohammed bin Rashid Leadership Program.

At Crypto.com, Al Hakim led partnerships with Emirates and Dubai Duty Free. In July 2026, Crypto.com Pay launched with Emirates, allowing eligible customers in the UAE to pay for flights through the airline's website and app. The service launched at Dubai Duty Free in August 2026. The retailer became the first airport retailer in the Middle East to offer the regulated payment service in its stores and online.

During his time at Crypto.com, Al Hakim also secured a Stored Value Facilities license from the Central Bank of the United Arab Emirates. The company said it was the first cryptocurrency firm to receive the license.

Crypto.com reported that its monthly transaction volume in the UAE increased 49-fold between January and December 2025 during Al Hakim's tenure. The company said that growth occurred without a dedicated marketing budget.

His work also included a digital payments initiative with the Dubai Department of Finance, which advanced to a pilot phase. In addition, he developed relationships with regulators, banks, financial institutions, and international companies.

About MultiBank Group and MB.io

MultiBank Group was founded in California in 2005. The company says it serves more than 2 million clients across 100 countries, records more than $35 billion in daily trading volume, and holds regulatory approvals from more than 18 financial authorities across five continents.

MB.io is regulated by the Virtual Assets Regulatory Authority (VARA) in the UAE and AUSTRAC in Australia. The platform offers spot trading in cryptocurrencies, including MultiBank Group's $MBG utility token. It also provides deposit and withdrawal services for moving funds between traditional and crypto accounts, along with an over-the-counter trading desk.

Al Hakim's appointment combines leadership of MB.io with responsibility for expanding MultiBank Exchange. He will also take on a group-wide role focused on institutional and government relationships. MultiBank Group plans to grow its digital asset operations and connect them with its existing financial market services.