Ondo Partners with Korea's Largest Asset Management Firm Mirae Asset to Advance ETF Tokenization

On June 16, Ondo Finance announced that it has partnered with Mirae Asset, Korea's largest asset management company, to begin on-chain tokenization of the Global X ETF series through its platform, Ondo Global Markets. This collaboration marks the first instance of a major asset management institution in Asia officially introducing existing ETF products onto the blockchain, enabling on-chain accessible investment exposure. Under the agreement, Mirae Asset will become the first asset management company in Asia to tokenize its ETF products, initially covering 10 Global X ETFs with investment themes including artificial intelligence and technology, blockchain and digital assets, robotics and space innovation, lithium and silver, defense technology, and covered call income strategies. Both parties stated that the asset management industry is undergoing a structural transformation driven by tokenization, and that the infrastructure of capital markets will gradually be built on-chain, with traditional financial institutions accelerating their embrace of this new generation of financial systems.