Ondo And Mirae Asset Partner To Tokenize Global X ETFs

Ondo Finance has partnered with Mirae Asset to bring Global X ETFs into tokenized markets, giving one of the world’s largest asset-management groups a direct path into onchain fund distribution.

The two companies signed an MOU to build tokenized investment products and onchain asset-management infrastructure, with exchange-traded funds at the center of the first push. Mirae Asset is a $700 billion-plus global financial group, with managed assets worldwide above $729.5 billion across asset management, wealth management, brokerage, investment banking and insurance.

The plan begins with Global X ETFs listed in the United States before expanding to funds in Canada, Europe, Australia, Japan and Hong Kong. Global X is one of Mirae Asset’s most recognizable international ETF brands, spanning thematic equities, income strategies, commodities, covered-call products and other listed fund categories.

For Ondo, the deal strengthens its position in tokenized securities. The company already operates Ondo Global Markets, a platform built around tokenized stocks, ETFs and other public-market assets. Adding Mirae Asset’s ETF lineup gives Ondo a major asset-manager partner rather than only another wrapper around existing securities.

Tokenized ETFs Push Beyond Treasury Products

The RWA market began with tokenized Treasuries because they were simple to explain, easy to price and attractive during a high-rate environment. Tokenized ETFs are a broader step because they can package equity baskets, income strategies, commodities, sector exposure and active allocation into blockchain-based securities.

That shift matters because ETFs are already one of the main distribution engines in traditional finance. A tokenized ETF can keep exposure to the same underlying fund while changing how ownership, transfer and settlement work. Instead of waiting for standard brokerage rails, eligible investors could eventually move ETF exposure through onchain accounts, settle faster and integrate positions into tokenized portfolios.

The structure still needs clear legal boundaries. Tokenized ETF products are separate blockchain-based securities backed by existing ETFs, not magic versions of the funds with no custody, issuer or jurisdiction risk. Investors still need to understand who issues the token, where the underlying fund sits, how redemption works, who can hold it and which regions are allowed to access it.

Ondo’s existing tokenized-asset platform has already crossed a major scale threshold, with Ondo Global Markets passing $1 billion in TVL as tokenized stocks and ETFs gained traction. The Mirae Asset partnership pushes that same market toward a larger institutional ETF pipeline.

Global X Gives Ondo A Larger ETF Channel

Global X gives the partnership a strong product base. The brand has built its reputation around thematic and income ETFs, including sectors such as infrastructure, robotics, artificial intelligence, uranium, covered calls and emerging-market access.

That product range could make tokenized ETFs more useful than a narrow one-fund pilot. Investors may want tokenized exposure not only to broad stock indexes, but also to income strategies, thematic baskets and commodity-linked sectors. If the Global X rollout expands globally, Ondo could gain a larger catalog of tokenized ETF exposures across multiple jurisdictions.

The timing also matches Ondo’s recent product strategy. The company hired former Invesco ETF executive John Hoffman to lead tokenized portfolio products, pointing toward managed baskets rather than only single-asset tokens. A Mirae Asset relationship gives that strategy more institutional weight because ETFs are already built for packaged exposure, diversification and distribution.

The same theme has been accelerating across the wider market. Coinbase has moved into 1:1-backed tokenized U.S. stocks, while other exchanges and DeFi platforms are racing to offer tokenized equities, funds and synthetic stock exposure. The difference with Ondo and Mirae is that the asset manager itself is part of the plan.

ETF Tokenization Enters A Bigger Phase

The Ondo-Mirae partnership shows that tokenization is moving from isolated crypto-native products toward mainstream asset-management rails. A tokenized ETF market cannot scale only through wrappers created by crypto platforms. It needs asset managers, distribution partners, custodians, market makers, compliance systems and regulated access rules.

Mirae Asset brings the traditional fund platform. Ondo brings the tokenization infrastructure and onchain distribution. Global X brings recognizable ETF products that already trade in public markets. The combined model gives tokenized finance a clearer path from niche RWA demand into listed-fund infrastructure.