Mirae Asset Signs MoU with Ctrl Alt for Fund Tokenization

Mirae Asset Global Investments, a multinational asset manager, has signed a Memorandum of Understanding (MoU) with Ctrl Alt, a leading tokenization infrastructure provider, to pioneer fund tokenization in the UAE. The partnership aims to expand access to alternative assets by exploring how existing regulated frameworks may be used for the issuance and management of tokenized funds.

The collaboration will initially focus on funds domiciled in the UAE, with the potential to expand across other regulated financial markets in the GCC. This approach is intended to establish a framework for fund tokenization that can be applied globally. Ctrl Alt will provide its end-to-end tokenization infrastructure to power the minting, issuance and on-chain management of tokenized funds. Mirae Asset will leverage its investment expertise and regional network to pilot these products, delivering operational efficiency and broader investor access for both institutional and retail investors.

The initiative is designed to unlock unprecedented efficiency and accessibility in capital markets. Through tokenized fund structures, managers and allocators could automate various administrative tasks such as onboarding and capital calls via smart contracts, reducing operational costs while accelerating transaction lifecycles. It is intended that investors will be able to gain secure, streamlined access to alternative assets that were previously difficult to reach.

Swarup Mohanty, Vice Chairman and CEO of Mirae Asset Global Investments (India) Private Limited, said: “This agreement with Ctrl Alt demonstrates our commitment to pioneering the next generation of investment products. 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.”

Matt Ong, Founder and CEO of Ctrl Alt, added: “We see growing, considered interest from established asset managers in how tokenization can be applied responsibly within existing market structures. The collaboration with Mirae Asset brings together deep institutional experience and innovative digital capital markets infrastructure, allowing us to explore how tokenized funds can deliver practical efficiencies and broader access in a regulated setting.”