Mirae Asset, Ctrl Alt to explore fund tokenisation in UAE

The partnership aims to pioneer a framework for issuing and managing tokenised funds within the region’s existing regulatory structures

Mirae Asset Global Investments, the multinational asset manager with more than $350billion in assets under management (AUM), has signed a Memorandum of Understanding (MoU) with Ctrl Alt to explore the tokenisation of funds in the UAE.

The partnership aims to pioneer a framework for issuing and managing tokenised funds within the region’s existing regulatory structures. The initiative will initially focus on funds domiciled in the UAE, with ambitions to expand across other regulated markets in the Gulf Cooperation Council (GCC).

Under the agreement, Ctrl Alt will provide the end-to-end infrastructure required for the minting, issuance, and on-chain management of the funds. Mirae Asset will utilize its investment expertise and regional network to pilot these products.

The primary goal is to leverage blockchain technology to automate administrative tasks such as investor onboarding and capital calls via smart contracts. This is expected to reduce operational costs, accelerate transaction lifecycles, and broaden access to alternative assets for both institutional and retail investors.

Swarup Mohanty, vice chairman and CEO of Mirae Asset Global Investments (India) Private Limited, commented: 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, said: 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.