Mirae Asset Expands Tokenization Efforts Through Ctrl Alt Partnership

Mirae Asset and Ctrl Alt partnership signals institutional demand for regulated tokenized funds, with the UAE acting as a testing market.

Mirae Asset Global Investments has entered a new phase of its digital asset strategy through a partnership with Ctrl Alt. Under a newly signed MoU, both firms plan to develop tokenized fund products in the UAE within existing regulated market frameworks. Analysts say the collaboration signals a broader shift toward the adoption of digital asset structures within established financial systems.

UAE Chosen as Testing Ground for Mirae Asset’s Tokenized Fund Strategy

According to a joint announcement, the partnership will begin with funds domiciled in the United Arab Emirates. Expansion into other regulated markets across the Gulf Cooperation Council may follow. Both parties aim to test how tokenized fund structures can operate under current regulatory frameworks.

Ctrl Alt will provide the technology layer for the project, covering the minting, issuance, and on-chain management of tokenized fund units. The firm’s infrastructure is designed to support the full lifecycle of a fund, from issuance to ongoing administration.

On the other hand, Mirae Asset will contribute its investment experience and regional relationships. The asset manager will support pilot products targeted at both institutional and retail investors.

Fund managers may handle administrative work differently through the use of tokenized funds. By using smart contracts, processes such as investor onboarding, capital calls, and record keeping can be automated. As such, settlement cycles may shorten, and operating costs may fall, while maintaining alignment with regulatory requirements.

Tokenized Funds May Lower Barriers to Alternative Assets, Mirae Asset Says

Tokenization can open access to alternative assets once limited by high entry requirements. Digital fund units offer a clearer and more efficient route to these investments. Such structures are expected to function within regulated market environments.

Swarup Mohanty described the partnership as part of the firm’s broader effort to support new investment formats. He stated that blockchain-based structures have the potential to reshape capital markets. 

“Blockchain and tokenization have the power to transform capital markets, and this collaboration positions Mirae Asset at the forefront of that change as a permanent innovator.”

Swarup Mohanty, Vice Chairman and CEO of Mirae Asset Global Investments (India) Private Limited, said.

Matt Ong, Founder and CEO of Ctrl Alt, said the agreement points to rising demand from established asset managers looking for practical use for tokenization. In his view, the collaboration brings together Mirae Asset’s institutional experience and Ctrl Alt’s digital market infrastructure.

Through this approach, both firms can assess how tokenized funds may operate efficiently within existing regulatory frameworks. As regulators across the region continue to support digital asset initiatives, the UAE positions itself as a testing ground for institutional tokenization.

Image by Saj Shafique from Unsplash

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