Mirae Asset Global Investments, a global asset manager with over $353 billion in assets under management, has partnered with blockchain infrastructure firm Ctrl Alt to develop and launch tokenized investment funds in the United Arab Emirates. The collaboration leverages the UAE's existing regulatory frameworks to enable the on-chain issuance, administration, custody, and settlement of fund units.
The initial phase will focus on funds domiciled in the UAE, with both parties evaluating an expansion to other regulated markets within the Gulf Cooperation Council (GCC). Ctrl Alt will provide its regulated, end-to-end tokenization infrastructure, integrating processes like investor onboarding, subscriptions, redemptions, and capital calls via smart contracts, all while maintaining compliance with local financial regulations.
Mirae Asset will contribute its product structuring expertise and institutional network to pilot the first tokenized funds. The framework aims to make investment vehicles with traditionally high entry barriers accessible to both institutional and retail investors.
The initiative emerges as the Middle East's digital asset market is projected to reach $600 billion by 2030, driven by tokenization and asset fractionalization. Ctrl Alt has prior experience in the region, having been selected in May 2025 as the tokenization partner for a Dubai Land Department real estate program on the XRP Ledger, targeting a $16 billion tokenized real estate market by 2033.
