Mirae Asset Securities and Grvt Collaborate on Tokenised Funding Note Issuance

What happened

Mirae Asset Securities (HK) Limited arranged tokenised funding notes and Grvt subscribed to them, with any use of the resulting exposure in Grvt Earn determined independently by Grvt.

Confirmed

Global impact / market context

The deal links a traditional securities firm to a digital platform, giving Grvt notes it could use for its own product while showing how tokenised bonds and funds might reach ordinary users, subject to rules.

Analyst inference

Tokenised funding notes are an early step; the firms plan to explore tokenised Treasuries, corporate bonds and ETFs on a non-committed basis, which could widen digital access to bond and fund products if regulators approve.

Analyst inference

What to watch

1. Grvt has subscribed to the tokenised funding notes and may use the resulting exposure in connection with Grvt Earn, which is offered and run independently by Grvt. Confirmed
2. The firms intend to explore tokenised Treasuries, corporate bonds and ETFs on a non-committed, exploratory basis, subject to regulatory approvals and product and compliance clearance. Proposed
3. If these products clear regulators, tokenised bonds and funds could reach more eligible users, changing how investors buy and hold fixed-income assets on digital platforms. Analyst inference

Evidence

• chainwire.org