Mirae Asset and Ctrl Alt Pioneer Fund Tokenization in UAE with Blockchain Infrastructure
Mirae Asset and Ctrl Alt are collaborating to explore fund tokenization in the UAE, with potential expansion across GCC markets. The partnership aims to establish a global framework for tokenized funds, combining Mirae's investment expertise with Ctrl Alt's blockchain infrastructure.
Ctrl Alt will provide end-to-end tokenization solutions, enabling on-chain fund management, while Mirae Asset will pilot these products to enhance operational efficiency and investor access. Matt Ong, CEO of Ctrl Alt, highlights growing institutional interest in tokenization as a tool for streamlining traditional finance.
Tokenized funds could automate administrative tasks like capital calls through smart contracts, reducing costs and accelerating transaction cycles. The initiative targets both institutional and retail investors, offering secure exposure to digitized asset management.
