Odaily reported that Ondo Finance said in a post on X that it has entered into a partnership with Mirae Asset, South Korea’s largest asset management company. According to Ondo, the collaboration will use the Ondo Global Markets platform to advance the tokenization of Mirae Asset’s Global X ETF product line. The announcement centers on bringing existing ETF products on-chain through a platform designed for tokenized financial markets.
Mirae Asset to Bring an Existing ETF Line On-Chain
Ondo stated that Mirae Asset will become the first asset manager in Asia to bring an existing ETF product line on-chain. The initial scope of the collaboration will cover 10 Global X ETFs. Ondo described the initiative as part of Ondo Global Markets, identifying Mirae Asset as the partner and Global X ETF as the product line involved in the tokenization effort.
The first 10 Global X ETFs will span several thematic areas, including artificial intelligence and technology, blockchain and digital assets, robotics and space innovation, lithium and silver, defense technology, and covered call income strategies. Ondo’s statement focuses on placing existing ETF products on-chain rather than describing the launch of a new product category.
Ondo Frames Asset Management as a Direction for Tokenization
Ondo said the asset management industry is becoming one of the important directions in the broader transformation of financial tokenization. In its X post, the company added that next-generation capital markets infrastructure is being built on-chain, while traditional institutions that defined the previous generation of the financial system are also beginning to embrace this trend.
Based on the information disclosed, the cooperation can be summarized around three elements: the partner is Mirae Asset, South Korea’s largest asset manager; the platform is Ondo Global Markets; and the first on-chain products will consist of 10 Global X ETFs. Ondo placed the partnership within its broader narrative of financial tokenization and the construction of capital markets infrastructure on-chain.