Mirae Asset's Hong Kong Unit Issues Tokenized Note, Subscribed by Grvt
Mirae Asset Securities (HK) arranged the issuance of a tokenized funding note under its affiliate's structured products program, which was subscribed to by crypto-asset platform Grvt.
Issuance size, interest rate, maturity, Grvt's subscription amount, and the note's specific structure/distribution method were not disclosed.
Grvt plans to utilize exposure generated from the note in connection with its own service, Grvt Earn, while the two firms are separately exploring tokenized government bonds, corporate bonds, and ETF cooperation, contingent on regulatory approval.