A $721 billion asset manager just made its biggest bet on blockchain. Mirae Asset Global Investments signed a memorandum of understanding with Ondo Finance to tokenize its Global X ETF platform, a lineup managing over $99 billion in assets, through Ondo Global Markets.
The deal makes Mirae the first major Asian asset manager to commit to tokenizing its listed ETFs.
What the deal actually looks like
The MOU, signed on June 16, 2026, splits responsibilities cleanly. Mirae Asset continues managing the underlying ETFs. Ondo handles the blockchain infrastructure that puts those products on-chain.
The first product out the door will be a tokenized share class of Hong Kong’s first covered-call ETF, targeted for Q3 2026. A covered-call ETF generates income by selling call options against its holdings, trading some upside potential for steadier cash flow.
