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Ondo Partners with Mirae Asset to Tokenize Global X ETF Lineup

Realistic person using a laptop crypto wallet with holographic tokenized stocks floating above the screen and MetaMask UI visible.

Ondo Finance has entered into a strategic partnership with Mirae Asset Global Investments, South Korea’s largest asset manager, to bring a selection of its Global X ETF portfolio onto blockchain infrastructure. The collaboration, formalized through a memorandum of understanding (MOU), marks the first major move by a leading Asian asset manager to provide on-chain exposure to existing regulated exchange-traded funds.

Under the agreement, the firms will utilize Ondo Global Markets to tokenize 10 specific Global X ETFs. The selection covers a range of thematic and sector-specific offerings, including artificial intelligence, robotics, space exploration, lithium technology, and defense. By moving these assets on-chain, the partnership intends to integrate traditional financial products into digital capital market infrastructure, potentially improving settlement efficiency and global distribution.

Institutional Integration of ETFs

Mirae Asset, which manages approximately $721 billion in total assets, oversees a Global X ETF portfolio valued at roughly $99 billion. The decision to tokenize these products follows a period of increasing institutional interest in Real World Assets (RWA) and the migration of traditional securities to distributed ledger technology.

“Tokenization is one of the core technologies that will reshape the future of asset management,” said Mirae Asset President Kim Young-hwan. He noted that the cooperation with Ondo is intended to position the firm’s global ETF lineup for next-generation capital market infrastructure.

According to an announcement from Ondo Finance, the initiative is designed to bridge the gap between retail and institutional investors in the tokenization space. Ondo Global Markets serves as the primary conduit for this bridge, acting as a platform that facilitates the issuance and trading of tokenized representations of publicly traded equities and ETFs. The platform recently reported surpassing $1 billion in total value locked.

Market Context and Procedural Status

The partnership represents a formal operational alignment rather than a mere proof-of-concept. As South Korea’s dominant asset manager, Mirae’s entry into the space provides significant weight to the RWA sector in Asia. While the MOU establishes the framework for collaboration and the selection of the initial 10 ETFs, the exact timeline for the technical deployment and the specific regulatory jurisdictions where these tokenized offerings will be available were not fully detailed in the initial announcement.

Ondo Finance CEO Ian De Bode stated that the move demonstrates institutional investors are now entering the tokenization space “in earnest.” The development follows Ondo’s established presence in the sector, where it currently offers products backed by U.S. Treasuries, such as USDY and OUSG.

The collaboration highlights a shift in how traditional finance (TradFi) entities view blockchain—not as a separate asset class, but as a settlement and distribution layer for existing high-liquidity vehicles like ETFs.