Mirae Asset Securities issues tokenized structured product on Solana

Mirae Asset Securities Hong Kong has successfully issued its inaugural tokenized structured product, a $12.5 million floating rate note, utilizing the Solana blockchain. This issuance represents a significant milestone within the firm's broader $3 billion guaranteed structured product program, signaling a shift toward digitally native distribution for institutional financial instruments. Singapore-based Marketnode served as the distribution partner, leveraging its established infrastructure backed by major institutions like HSBC and SGX. By opting for Solana, Mirae Asset Securities demonstrated the viability of high-performance public blockchains for complex financial products, supported by direct collaboration with the Solana Foundation. This move highlights the growing trend of traditional financial institutions migrating legacy structured products onto distributed ledger technology to enhance efficiency. The private placement targets eligible institutional investors, showcasing how established firms are integrating proprietary digital infrastructure with public chains. This development underscores the increasing institutional appetite for tokenized assets that offer the benefits of blockchain settlement while maintaining the regulatory rigor of traditional finance.