Key Takeaways
- • Mirae Asset Securities' Hong Kong unit issued six-month floating-rate tokenized notes on Solana for institutional investors under a $3 billion structured note program, with Marketnode acting as authorized distributor.
- • Mirae Asset Securities manages token issuance, payments and the full notes lifecycle on its internal digital infrastructure, which it describes as a potential model for distributing wider structured products on blockchain channels.
- • Pluang described the notes as six-month USD floating-rate notes privately placed to professional investors, while the issue amount, economic terms and yield were not disclosed.
- • The issuance is framed as a first step in a partnership with Grvt, with possible future products including Treasury bonds, corporate bonds and tokenized ETFs subject to regulatory approval.
- • The press release carried a regulatory caveat: Grvt is not authorized or registered with the SFC, and Grvt Earn is not offered to the public in Hong Kong, with Mirae Asset Securities (HK) disclaiming any operation or recommendation of it.
Summary
Mirae Asset Securities' Hong Kong subsidiary has issued six-month floating-rate tokenized notes on the Solana blockchain for institutional investors, according to multiple outlets reporting the transaction. The notes were issued under the company's $3 billion structured promissory note program. Marketnode served as the authorized distributor, while Mirae Asset Securities managed token issuance, payments and the notes' lifecycle through its internal digital infrastructure.
Mirae Asset Securities described the transaction as a potential model for distributing a broader range of structured products through blockchain-based channels. The firm is part of South Korea's Mirae Asset Financial Group, whose businesses span brokerage, investment banking, asset management and insurance. An affiliate, Mirae Asset Consulting, acquired a controlling stake in crypto exchange Korbit in July, which was subsequently rebranded as Digital X. Mirae Asset Global Investments, which operates the Global X and TIGER ETF brands, reported managing $275 billion in ETF assets as of June 2026 according to the group's website.
Pluang characterized the offering as six-month USD floating-rate notes, using Mirae's own tokenization technology on Solana, privately placed to professional investors. Mirae Asset Securities and Grvt described the notes as a first step and said they could explore other products, including Treasury bonds, corporate bonds and tokenized ETFs, subject to regulatory approvals and requirements.
Reporting also noted significant gaps. DiarioBitcoin said the announcement did not disclose the issue amount, economic terms or associated yield, and that these aspects could not be treated as established. DiarioBitcoin further reported a regulatory caveat from the press release: Grvt is not authorized or registered with the Hong Kong Securities and Futures Commission (SFC), and Grvt Earn has not been authorized by the SFC nor is it offered to the public in Hong Kong. Mirae Asset Securities (HK) and its affiliates stated that they do not operate, distribute or recommend Grvt Earn and assume no responsibility for its operation, availability, performance or profitability.
Mirae Asset Securities described the transaction as a potential model for distributing a broader range of structured products through blockchain-based channels. The firm is part of South Korea's Mirae Asset Financial Group, whose businesses span brokerage, investment banking, asset management and insurance. An affiliate, Mirae Asset Consulting, acquired a controlling stake in crypto exchange Korbit in July, which was subsequently rebranded as Digital X. Mirae Asset Global Investments, which operates the Global X and TIGER ETF brands, reported managing $275 billion in ETF assets as of June 2026 according to the group's website.
Pluang characterized the offering as six-month USD floating-rate notes, using Mirae's own tokenization technology on Solana, privately placed to professional investors. Mirae Asset Securities and Grvt described the notes as a first step and said they could explore other products, including Treasury bonds, corporate bonds and tokenized ETFs, subject to regulatory approvals and requirements.
Reporting also noted significant gaps. DiarioBitcoin said the announcement did not disclose the issue amount, economic terms or associated yield, and that these aspects could not be treated as established. DiarioBitcoin further reported a regulatory caveat from the press release: Grvt is not authorized or registered with the Hong Kong Securities and Futures Commission (SFC), and Grvt Earn has not been authorized by the SFC nor is it offered to the public in Hong Kong. Mirae Asset Securities (HK) and its affiliates stated that they do not operate, distribute or recommend Grvt Earn and assume no responsibility for its operation, availability, performance or profitability.
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