Hong Kong-based Mirae Asset Securities (HK) Limited has completed a tokenised funding note issuance on the Solana public blockchain network, marking a significant expansion in the digital distribution of its structured products. The transaction, executed in collaboration with Singapore-regulated digital market infrastructure operator Marketnode, represents a key milestone in the integration of public blockchain infrastructure with established institutional debt programs.

The issuance utilized USD-denominated six-month floating rate notes issued in Hong Kong under Mirae Asset Securities' US$3 billion Guaranteed Structured Note Programme. By leveraging its proprietary digital infrastructure, Mirae Asset Securities managed the entire lifecycle of the tokenised notes, including token issuance, payments, and ongoing lifecycle management.

On-Chain Distribution of Structured Products

The transaction demonstrates how established structured products can transition from traditional distribution channels into digitally native formats. By utilizing the Solana public blockchain, Mirae Asset Securities has established a model that allows eligible institutional investors to hold structured notes in tokenised form.

This initiative highlights the firm's in-house tokenisation capabilities and its operational readiness to support end-to-end digital asset lifecycles. Rather than relying solely on legacy financial systems, the transaction showcases how next-generation financial architectures can be deployed to streamline the issuance and management of complex structured notes. The successful execution of this issuance provides a scalable framework that Mirae Asset Securities intends to extend to a broader range of structured products over time.

Collaborative Ecosystem and Infrastructure

The transaction was supported by key partners across the digital asset and financial infrastructure sectors:

  • Mirae Asset Securities (HK) Limited: Acted as the issuer and manager of the token lifecycle, leveraging its proprietary digital infrastructure.
  • Marketnode: Acted as the authorised distributor. Marketnode is an Asia-Pacific digital market infrastructure operator backed by prominent financial institutions, including Euroclear, HSBC, SGX Group, and Temasek.
  • Solana Foundation: Provided the public blockchain infrastructure supporting the transaction.

This multi-party collaboration highlights the growing maturity of digital market infrastructure in the Asia-Pacific region, bringing together established securities firms, regulated infrastructure operators, and public blockchain networks.

Executive Perspectives on Digital Distribution

Industry leaders involved in the transaction emphasized the strategic importance of moving structured products onto public blockchain networks.

Kelly Sohn, Head of Digital Assets at Mirae Asset Securities, noted that extending structured note capabilities into digitally native channels is a natural progression of the firm's strategic focus on digital assets. Sohn stated that by building robust internal tokenisation capabilities and leveraging next-generation blockchain infrastructure, the firm is establishing a flexible foundation to expand its digital product suite and serve institutional investors across global markets.

Lu Yin, Head of APAC at the Solana Foundation, highlighted the practical utility of public blockchain infrastructure for capital markets, stating that such infrastructure becomes meaningful when it can support the products and workflows that institutions already use. Yin expressed pride in supporting the transaction and demonstrating Solana's capacity to connect established financial markets with a growing digitally native ecosystem.

Andrew Scott, Head of Digital Assets at Marketnode, focused on the distribution aspect of the transaction. Scott observed that the next stage of tokenisation is centered on distribution, noting that while financial institutions already understand how to manufacture sophisticated investment products, the key opportunity lies in connecting those products with new institutional investors and new channels. According to Scott, the structured note programme demonstrates how established product capabilities can extend into digitally native markets to reach new pools of demand.

Regulatory Context and Market Positioning

The tokenised notes were offered exclusively by way of private placement to eligible professional investors, as defined under Hong Kong's Securities and Futures Ordinance. The notes have not been authorised by or registered with Hong Kong's Securities and Futures Commission.

This private placement approach aligns with the current regulatory landscape for digital assets in Hong Kong, which emphasizes robust compliance and institutional-grade frameworks. As part of the Mirae Asset Financial Group, whose parent company Mirae Asset Securities Co. is one of the largest securities firms in South Korea, the Hong Kong entity continues to align with the Mirae Asset 3.0 vision. This vision focuses on building a client-first, future-ready financial services platform while contributing to the long-term development of Hong Kong as an international financial centre and regulated digital asset hub.