Korea's biggest financial group plans to tokenize traditional assets

One App, Two Asset Classes

South Korea's largest independent financial group, Mirae Asset (@MiraeAsset_IN), has set its sights on tokenized stocks and bonds. The group wants those products trading on its new Hong Kong platform within three years, sitting alongside conventional assets inside a single mobile app.

The vehicle is MAPS, short for Mirae Asset Portfolio Service. Mirae Asset's Hong Kong unit launched the platform on June 27, giving users a unified interface for both equities and digital assets. The rollout follows a regulatory green light: Hong Kong's Securities and Futures Commission granted Mirae Asset's local unit a retail digital asset licence in April, clearing the way for the firm to offer crypto trading services to individual investors. Tokenized products are flagged as the next phase, with Hong Kong serving as the testbed before any wider rollout.

The ambitions stretch beyond the city. Mirae Asset plans to expand MAPS to the United States, Korea, Japan and Singapore, and also intends to add AI-powered wealth management tools. Founding Chairman Park Hyeon-joo attended the Hong Kong launch in person, calling it "the first step toward the next 20 years of Mirae Asset Hong Kong."

The Hard Part: Getting Investors to Actually Trade

Mirae Asset is entering a market that Hong Kong has been carefully preparing. As of March 2026, Hong Kong had 13 publicly offered tokenized products with total assets under management of roughly HK$10.7 billion (approximately US$1.4 billion), a sevenfold increase from the previous year. In April, the SFC went further, permitting secondary trading of authorised tokenized investment products on licensed virtual asset platforms.

The regulatory groundwork is real, but history offers a note of caution. Established tokenized-market infrastructure projects, including SIX's SDX exchange in Switzerland and Singapore's ADDX, have demonstrated that building the technical rails is the straightforward part. Attracting consistent trading volume from real investors has proved far more difficult. Mirae Asset has a retail distribution network and an established brand across Asia, which gives it more traction than a standalone exchange. Whether that is enough to drive meaningful liquidity in tokenized equities and bonds within its three-year window remains the central question.

Sources:
Mirae Asset launches global investment platform MAPS in Hong Kong, Korea Herald
Mirae Asset Securities enters Hong Kong's retail digital asset market, UPI
Hong Kong expands digital asset ecosystem with tokenization push, Crypto Briefing