Mirae Asset Global Investments, the multinational asset manager with over $350billion in assets under management (AUM), has signed a Memorandum of Understanding (MoU) with Ctrl Alt to explore the tokenisation of funds in the UAE.
The partnership aims to pioneer a framework for issuing and managing tokenised funds within the region’s existing regulatory structures. The initiative will initially focus on funds domiciled in the UAE, with ambitions to expand across other regulated markets in the Gulf Cooperation Council (GCC).
Streamlining operations with smart contracts
Under the agreement, Ctrl Alt will provide the end-to-end infrastructure required for the minting, issuance, and on-chain management of the funds. Mirae Asset will utilize its investment expertise and regional network to pilot these products.
The primary goal is to leverage blockchain technology to automate administrative tasks such as investor onboarding and capital calls via smart contracts. This is expected to reduce operational costs, accelerate transaction lifecycles, and broaden access to alternative assets for both institutional and retail investors.
Swarup Mohanty, vice chairman and CEO of Mirae Asset Global Investments (India) Private Limited, commented: “This agreement with Ctrl Alt demonstrates our commitment to pioneering the next generation of investment products. Blockchain and tokenization have the power to transform capital markets, and this collaboration positions Mirae Asset at the forefront of that change as a permanent innovator.”
Institutional adoption in the Middle East
The move signals growing institutional appetite for digital assets in the Middle East. Ctrl Alt, which has already tokenised over $650million in assets as of January 2026, is notably the tokenisation partner for the Dubai Land Department and holds an Issuer license from the Virtual Assets Regulatory Authority (VARA).
Matt Ong, founder and CEO of Ctrl Alt, said: “We see growing, considered interest from established asset managers in how tokenization can be applied responsibly within existing market structures. The collaboration with Mirae Asset brings together deep institutional experience and innovative digital capital markets infrastructure, allowing us to explore how tokenized funds can deliver practical efficiencies and broader access in a regulated setting.”
The collaboration is positioned as an effort to establish a global benchmark for fund tokenisation, starting with the UAE’s forward-looking regulatory environment.