ONDO Finance partners with Mirae Asset to tokenize Global X ETFs

§ 01 Executive Snapshot

• What: ONDO Finance partners with Mirae Asset to tokenize Global X ETFs.
• Who: ONDO Finance and Mirae Asset Global Investments.
• Why it matters: This partnership marks a significant step in ETF tokenization, with Mirae Asset becoming the first major Asian asset manager to explore this space, potentially transforming access to ETFs and enhancing trading capabilities.

§ 02 Key Developments

• The memorandum of understanding (MOU) was signed on June 16, 2026, outlining a phased approach to tokenizing US-listed Global X ETFs.
• Phase one will focus on tokenizing US-listed ETFs, while phase two aims for expansion into Canada, Europe, Australia, Japan, and Hong Kong.
• The collaboration will also explore tokenization of additional asset classes, including commodities, while emphasizing full regulatory compliance in each jurisdiction.

§ 03 Strategic Context

• The partnership situates ONDO Finance as a leader in real-world asset tokenization, with over 260 tokenized securities and a total value locked exceeding $1B.
• Mirae Asset's strategic positioning of ETFs alongside AI and tokenization highlights a growing trend among financial institutions to integrate blockchain technology into traditional finance.

§ 04 Strategic Implications

• The immediate consequence of this partnership could lead to enhanced trading features like 24/7 trading, faster settlements, and fractional ownership of ETFs, which traditional wrappers do not offer.
• Long-term, this collaboration reflects a broader trend towards the adoption of tokenization across major financial institutions, indicating a potential shift in how assets are managed and traded globally.

§ 05 Risks & Constraints

• Regulatory approval in six different jurisdictions is uncertain, creating potential roadblocks to successful implementation and rollout.
• Competition is intensifying as major players like BlackRock and Franklin Templeton are also developing their tokenization capabilities, which could impact ONDO's market share.

§ 06 Watchlist / Forward Signals

• Investors should watch for concrete product launches following the MOU, as successful regulatory navigation will be crucial for the partnership's success.
• Key milestones will include the timeline for regulatory approvals in various jurisdictions and the launch of tokenized ETFs in the market.