Mirae Asset and Grvt Begin Tie-Up With Tokenized Note Subscription

Mirae Asset Securities (HK) Limited arranged tokenized funding notes that Grvt subscribed to, a development the firms described in an Oct. 27 announcement as the start of a collaboration.

The notes were issued under an affiliate’s structured-notes program, but the affiliate issuer was not named. The announcement did not disclose the issuance size, subscription amount, currency, coupon, maturity or underlying assets.

Grvt plans to use the resulting exposure in connection with Grvt Earn, a service it operates independently for eligible users in permitted jurisdictions. Grvt will determine how that exposure is used, but the announcement did not detail the arrangement or give a yield or timetable.

The firms may also explore tokenized Treasuries, corporate bonds and exchange-traded funds (ETFs). Those plans remain exploratory and are subject to regulatory and product clearances and internal approvals.

Separately, Mirae Asset Securities has targeted the first quarter of 2027 for its initial tokenized product launch, with private money-market funds and private bonds for institutional investors in its planned lineup.