Woofun AI reports that Ondo Finance has executed a memorandum of understanding with South Korean asset manager Mirae Asset to tokenize the Global X ETF product line. The collaboration leverages the Ondo Global Markets platform, with initial deployment focused on ETFs listed in the United States. Mirae Asset will retain its role as asset manager for the underlying funds, while Ondo provides the necessary tokenization infrastructure and on-chain distribution services.

This strategic alliance marks a significant expansion in institutional asset tokenization. Following the US launch, the partnership intends to broaden its scope to include fund products listed in Europe, Hong Kong (China), Japan, Canada, and Australia, thereby extending digital access to a diverse global portfolio.