Mirae Asset Securities' U.S. unit will join a tokenization council operated by DTCC (Depository Trust & Clearing Corporation), the largest securities depository and settlement institution in the United States. It will work with global financial firms to discuss building digital asset-based securities market infrastructure and standardizing rules.
Mirae Asset Securities said on the 8th that its U.S. unit has joined the DTCC-led "Tokenization Working Group." DTCC is a key institution in charge of the U.S. capital market's clearing, settlement, and depository systems, and it has recently expanded discussions with global financial firms regarding the structure of the tokenization market.
Major global financial institutions such as JPMorgan Chase, Goldman Sachs, Morgan Stanley, BlackRock, Citigroup, UBS, and the New York Stock Exchange (NYSE) are also joining the working group. Mirae Asset Securities said it was invited to join after earning high marks among domestic securities firms for its accumulated experience in digital asset and tokenization and for its clearing business base in the U.S. market.
Mirae Asset Securities' U.S. unit plans to take part in discussions on key issues such as operating models for tokenized securities based on real-world assets (RWA) like U.S. Government Bonds and stocks, investor protection frameworks, and settlement and custody infrastructure.
It also plans to present practical views that can be applied to the real market, drawing on hands-on experience built in trading, clearing, and the post-trade area. The company said it will actively participate in discussions on next-generation market structures, including liquidity management, collateral mobility, and capital efficiency.
A Mirae Asset Securities official said, "In a situation where discussions on building tokenization infrastructure are progressing rapidly in the global financial market, this participation is meaningful in that it allows direct involvement in discussions on digital asset infrastructure within the U.S. institutional market," adding, "We will continue to strengthen related capabilities in line with our global and digital-focused strategy."
Meanwhile, Mirae Asset Group has been accelerating the expansion of its digital asset business. Mirae Asset is pursuing the "Mirae Asset 3.0" strategy, which combines traditional finance and digital assets, and has recently been expanding related business areas, including considering the acquisition of the domestic virtual asset exchange Korbit.