Key Takeaways
- • Mirae Asset Securities (HK) Limited issued six-month, US dollar-denominated tokenised funding notes on the Solana (SOL) public blockchain, extending its structured products distribution onto public blockchain infrastructure.
- • The notes were issued in Hong Kong under Mirae Asset Securities' US$3 billion Guaranteed Structured Note Programme.
- • Access is restricted to eligible institutional and professional investors via private placement under Hong Kong's Securities and Futures Ordinance; the notes were not authorised or registered with the Securities and Futures Commission.
- • Singapore-regulated Marketnode acted as authorised distributor, with the Solana Foundation supporting the transaction.
- • Mirae manages issuance, payments and lifecycle operations for the tokenised notes.
Summary
The transaction allows eligible institutional investors to hold the notes in tokenised form, with Mirae handling issuance, payments and lifecycle operations. Kelly Sohn, Head of Digital Assets at Mirae Asset Securities, described the move as a natural progression of the firm's strategic focus on digital assets, saying that extending its structured note capabilities into digitally native channels is a logical next step.
Singapore-regulated Marketnode acted as authorised distributor, while the Solana Foundation supported the transaction connecting traditional structured products with blockchain-based distribution. Lu Yin, Head of APAC at the Solana Foundation, said public blockchain infrastructure becomes meaningful to capital markets when it can support the products and workflows institutions already use.
The notes were offered through private placement to eligible professional investors under Hong Kong's Securities and Futures Ordinance and were not authorised or registered with the Securities and Futures Commission. Access therefore remains restricted to eligible professional investors. Crypto Briefing also reported the issuance, describing the notes as offered to investors.
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