Ondo has partnered with Mirae Asset to tokenize its Global X ETF product line

Ondo Finance announced the signing of a Memorandum of Understanding (MOU) with South Korean asset management giant Mirae Asset, where both parties will tokenize the Global X ETF product line under Mirae Asset through the tokenized securities platform Ondo Global Markets.

According to the agreement, the collaboration will initially start with the ETF products listed in the United States by Global X, and then expand to fund products listed in Europe, Hong Kong, Japan, Canada, and Australia. Mirae Asset will continue to serve as the asset manager for the underlying ETF, while Ondo will be responsible for providing the tokenization infrastructure and on-chain distribution services.