Mirae Asset Joins Ondo Finance to Expand Push Into Tokenized Securities
Summary
- Mirae Asset Global Investments said it signed a memorandum of understanding with global real-world asset tokenization firm Ondo Finance as it pushes into the tokenized securities (ST) market.
- The two companies said they will cooperate on the tokenization of funds and real-world assets, the buildout of on-chain asset management infrastructure, and the development of global digital investment products.
- Mirae Asset said it will pursue the tokenization of US-listed ETFs and expand its global tokenization business, laying the groundwork for a digital asset value chain after the tokenized securities framework takes effect next year.
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Mirae Asset Global Investments is accelerating its push into tokenized securities through a partnership with Ondo Finance, a global real-world asset tokenization company.
Mirae Asset signed a memorandum of understanding with Ondo Finance to develop digital asset-based investment products and build a tokenized finance ecosystem, Yonhap Infomax reported on June 15.
The companies plan to cooperate on tokenizing funds and real-world assets, building on-chain asset management infrastructure, and developing digital investment products for global investors.
The tie-up goes beyond simply adopting blockchain technology and aims to build an investment ecosystem linked to the market for tokenized assets.
Ondo Finance is considered a leading company in the real-world asset sector, including tokenized products backed by US Treasuries. According to RWA.xyz, the market for tokenized stocks surpassed $1 billion earlier this year, with Ondo holding about a 58% share.
The two companies are also focusing on the expansion of the tokenized exchange-traded fund market. Tokenized ETFs invest in the same assets as traditional ETFs, but because they are issued and traded on blockchain networks, they offer 24-hour trading and faster settlement.
Mirae Asset plans to pursue the tokenization of US-listed ETFs through its US subsidiary Global X and expand its global tokenization business through its overseas network.
The agreement also aligns with Mirae Asset Group's broader digital asset strategy, industry participants said. After working with Ava Labs last year to build an on-chain payment system, Mirae Asset has continued to expand in digital assets this year, including a push to acquire crypto exchange Korbit.
That could allow the group to build a digital asset value chain spanning product design, issuance, settlement and distribution after South Korea's tokenized securities framework takes effect next year.
Mirae Asset Group Chairman Park Hyeon-joo said at the recent Mirae Asset Rally 2026 event that ETFs are the company's core product engine, while AI and tokenization are the financial infrastructure of the future. An asset manager's competitiveness ultimately comes from products that can capture the future, he added.
