Ondo Finance announced on June 16, according to official information, that it has entered into a partnership with Mirae Asset, South Korea’s largest asset management company. The collaboration is designed to advance the onchain tokenization of Mirae Asset’s Global X ETF product line through Ondo Global Markets.
Under the plan described in the announcement, Mirae Asset will become the first asset manager in Asia to bring existing ETF products onchain. The initial scope will cover 10 Global X ETFs, spanning a range of themes already included in the product line.
The first batch of ETFs includes themes such as artificial intelligence and technology, blockchain and digital assets, robotics and space innovation, lithium and silver, defense technology, and covered call income strategies. Ondo Finance and Mirae Asset will work through Ondo Global Markets to bring these existing ETF products into an onchain tokenized format.
The cooperation also reflects the role asset management is taking within financial tokenization applications. Traditional asset managers are accelerating their deployment of infrastructure related to onchain capital markets, and this agreement places Mirae Asset’s Global X ETF lineup within that process.
The official announcement focused on the parties involved, the use of Ondo Global Markets, the first 10 Global X ETFs, and the covered themes. It did not disclose further details such as product launch timing or additional implementation arrangements.