MultiBank Group Names Mohammed Al Hakim 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 was announced in early November 2026 and places him at the centre of the group's digital asset and institutional businesses.

The move brings together two parts of the MultiBank business that have so far been developed in parallel: a retail and professional crypto trading platform, and an interbank venue aimed at institutional clients. For traders and institutions following the group, the appointment is best read as a signal about where MultiBank plans to focus its growth over the next phase.

What the Appointment Means for MultiBank Group

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

In practical terms, the role combines three areas:

• Leading MB.io, the group's crypto and digital asset trading platform, as chief executive.
• Growing MultiBank Exchange, the interbank trading venue, including its reach among institutional clients.
• Group-wide institutional and government relationships, working with Taher on partnerships across financial services and international markets.

MultiBank Group describes the appointment as part of a wider plan to build an ecosystem that connects traditional financial services with digital asset products. Whether that integration succeeds will depend on execution across these three areas, not on the appointment alone.

Al Hakim's Priorities and Planned Work

Al Hakim has 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 in several areas:

• Real-world asset tokenization
• Institutional trading
• Cross-border settlement
• Digital asset trading and broader financial infrastructure

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

Al Hakim's Background at Crypto.com and in the UAE

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. That mix of public-sector and crypto-industry experience is central to how the group has framed the appointment.

During his time at Crypto.com, Al Hakim led partnerships with Emirates and Dubai Duty Free. According to the information published with the announcement:

• Crypto.com Pay launched with Emirates in July 2026, 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.
• Al Hakim also secured a Stored Value Facilities licence from the Central Bank of the United Arab Emirates. The company said it was the first cryptocurrency firm to receive that licence.
• His work included a digital payments initiative with the Dubai Department of Finance, which advanced to a pilot phase.

Crypto.com also 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. These are Crypto.com's own figures, and they have not been independently verified here. Al Hakim further developed relationships with regulators, banks, financial institutions and international companies during that period, which is the kind of network the new role will rely on.

Key Figures Reported by MultiBank Group

MultiBank Group has published several headline figures. The table below lists them as reported by the company. Valuation and volume numbers come from company statements and have not been independently audited in this article.

The group also describes MultiBank Exchange's matching engine as the fastest in interbank trading history. The announcement did not explain how the company measured the system's speed or against which benchmarks, so that claim should be treated as the company's own assertion until it is supported with methodology.

About MultiBank Group and MB.io

MultiBank Group was founded in California in 2005. The company says it 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 by AUSTRAC in Australia. The platform offers:

• Spot trading in cryptocurrencies, including the group's $MBG utility token
• Deposit and withdrawal services for moving funds between traditional and crypto accounts
• An over-the-counter trading desk

Al Hakim's appointment therefore combines leadership of a regulated crypto platform with responsibility for expanding the interbank exchange and building group-wide institutional relationships. MultiBank Group plans to grow its digital asset operations and connect them with its existing financial market services.

What Traders Should Watch Next

For retail traders, the most immediate question is whether the appointment changes MB.io's product range, supported markets or fee structure. The announcement did not set out specific product changes, so any new features should be checked against the platform's official material when they are published.

For institutional clients, the key points to follow are the expansion of MultiBank Exchange, any new partnerships with banks or government bodies, and progress on tokenization and cross-border settlement services. Announcements in these areas will show whether the group's stated ecosystem plans are turning into live products.

If you are comparing crypto-focused trading platforms more broadly, our PrimeXBT broker review covers another platform in the same space. Our XM Group broker review is a useful reference point for how established multi-asset brokers present their regulation and product range.

Risk reminder: trading crypto assets and leveraged products carries a high risk of loss, and prices can move sharply. Only trade with capital you can afford to lose, and check the regulatory status of any platform before depositing funds.