Mirae Asset, Ondo Finance Team Up to Expand Tokenized Securities Push

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 in areas including the tokenization of funds and real-world assets, the buildout of on-chain asset management infrastructure, and the development of digital investment products for global investors.

The tie-up goes beyond adopting blockchain technology and aims to build an investment ecosystem linked to the market for tokenized assets.

Ondo Finance is a leading player in real-world assets, including tokenized products backed by U.S. Treasuries. According to RWA data platform RWA.xyz, the tokenized stock market topped $1 billion at the start of this year, with Ondo Finance accounting for about 58% of the market.

The two firms are also focused on the expansion of the tokenized exchange-traded fund market. Tokenized ETFs invest in the same underlying assets as traditional ETFs, but are issued and traded on blockchain networks, enabling 24-hour trading and faster settlement.

Mirae Asset plans to pursue the tokenization of U.S.-listed ETFs through its U.S. 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, according to industry officials. After starting work with Ava Labs last year on an on-chain payment system, Mirae Asset has continued to expand its digital-asset business this year, including by pursuing the acquisition of crypto exchange Korbit.

That would position 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 highlighted that vision at the recent Mirae Asset Rally 2026 event, saying, "ETFs are the core product engine, while AI and tokenization are the financial infrastructure of the future," and that "an asset manager's competitiveness ultimately comes from products that capture the future."