Mirae Asset Global Investments Partners with Ondo Finance to Build Tokenized ETF Ecosystem

Mirae Asset Global Investments announced on June 16 that it has signed a memorandum of understanding (MOU) with Ondo Finance, a global real-world asset (RWA) tokenization platform company, to collaborate on building a digital asset-based investment product lineup and a tokenized financial ecosystem.

Through this agreement, the two companies plan to cooperate in areas such as the tokenization of exchange-traded funds (ETFs), the establishment of on-chain asset management infrastructure, and the development of digital investment products for global investors. With major global asset management firms such as Franklin Templeton and BlackRock also entering the tokenization business, Mirae Asset is now actively seeking to enhance its competitiveness in on-chain asset management by expanding its presence in the global tokenization ecosystem.

Ondo Finance is a global leader in the RWA sector, tokenizing a variety of assets including U.S. Treasury-based products. Its tokenized stocks and ETF platform, Ondo Global Markets, has surpassed 1 billion dollars in total value locked (TVL), offers more than 260 tokenized securities, and has recorded cumulative trading volume exceeding 18 billion dollars, making it one of the world’s largest platforms in this domain.

Tokenization is a technology that represents traditional financial assets as blockchain-based digital tokens. Ondo’s tokenized ETFs are fully backed and collateralized by existing ETFs, but are issued and traded as separate blockchain-based digital securities. This enables 24-hour trading and near-instant settlement (T+0), significantly improving accessibility for global investors.

Leveraging this agreement, Mirae Asset Global Investments aims to become the first asset management firm in Asia to tokenize its existing listed ETF lineup and expand its digital distribution channels. Starting with U.S.-listed ETFs, the company plans to gradually expand the scope of tokenized assets to global markets including Canada, Europe, Australia, Japan, and Hong Kong, and will eventually pursue the tokenization of a variety of asset classes such as commodities. All tokenized products will be designed in accordance with the financial regulations of each respective jurisdiction.

Kim Younghwan, Head of Global Business at Mirae Asset Global Investments, said, "Tokenization is one of the core technologies that will transform the asset management industry paradigm. Through our collaboration with Ondo Finance, we will position our global ETF lineup for the next-generation capital market infrastructure and provide more efficient investment solutions by utilizing blockchain technology within the existing regulatory framework."

This content was produced with the assistance of AI translation services.