Mirae Asset Global Investments and Ava Labs have recently signed a memorandum of understanding (MOU) aimed at developing fund tokenization and on-chain operation and settlement systems. This partnership is notable for its ambition to merge Mirae’s substantial assets under management, amounting to $316 billion, with Avalanche’s institutional-grade blockchain technology.
Following the announcement, Avalanche highlighted the potential of this collaboration through a post on X (formerly Twitter). The message conveyed a vision of establishing new benchmarks for tokenized funds that would integrate global capital with advanced technological innovations.
The agreement stipulates that both firms will conduct joint research and feasibility assessments for tokenizing fund products. They will also focus on establishing connections with the global institutional ecosystem and initiate pilot projects to enhance on-chain operations and payment infrastructure. Specifically, the partnership aims to transform selected Mirae Asset products into tokenized instruments where local regulations permit and develop the necessary operational backbone, including custody, settlement, and payments, to support large-scale implementation.
Mirae Asset plans to utilize Avalanche’s high throughput and low-latency Layer-1 infrastructure to pilot its tokenization efforts in key markets such as the United States and Hong Kong. Both regions are noted for their evolving regulatory frameworks that, in certain cases, already facilitate the creation of tokenized financial products. The ultimate objective is to develop a scalable framework for tokenization applicable across Mirae Asset’s portfolio of international funds.
The collaboration is seen as a critical step in Mirae Asset’s digital transformation strategy and its effort to diversify client investment opportunities. Established in 2003 with its first global presence in Hong Kong, Mirae Asset has grown into a prominent asset manager operating in 16 regions, with international assets constituting approximately 45% of its total assets under management.
Ava Labs, responsible for the development and maintenance of the Avalanche mainnet, is actively engaging with various financial and public-sector partners to illustrate real-world applications of tokenization and programmable money. Their recent initiatives include collaborations with major banks, state-backed stablecoin projects, and other regulatory-compliant financial solutions.
John Nahas, Chief Business Officer of Ava Labs, emphasized that this partnership indicates a growing trend toward tokenization in global finance, suggesting that the alliance between Mirae Asset’s extensive asset management capabilities and Avalanche’s infrastructure could accelerate the future of on-chain asset management.
Kim Young-hwan, President of Mirae Asset’s Innovation and Global Management Division, referred to the MOU as a significant move in enhancing the firm’s digital capabilities. He expressed confidence that combining Ava Labs’ blockchain technology with Mirae Asset’s expertise could facilitate the tokenization of real-world assets, enrich client investment experiences, and ensure the firm remains at the forefront of the evolving digital asset management landscape.
This partnership comes amid a broader trend in traditional finance toward exploring tokenized securities and payment systems across both permissioned and permission-less networks. Should the pilots between Mirae Asset and Ava Labs prove successful, they have the potential to fast-track institutional adoption by showcasing operational workflows that meet regulatory and investor expectations.
Both companies have indicated plans to commence joint studies and pilot initiatives immediately, with further details regarding timelines and specific products to be disclosed as their projects develop.
