26th September 2025 – Avalanche developer Ava Labs has entered a strategic partnership with Mirae Asset Global Investments, the overseas investment arm of South Korea’s Mirae Asset Group. The two companies signed a memorandum of understanding (MoU) on September 25, 2025, to tokenize fund products and create on-chain asset management and settlement systems.
Key Takeaways
Mirae Asset Global Investments signed an MoU with Ava Labs to tokenize funds and build on-chain settlement systems.
Mirae Asset manages over ₩1.024 quadrillion (~$730B) in assets, with its global arm contributing ₩430 trillion (~$306B).
The partnership focuses on global fund tokenization, starting in regulatory-friendly markets like the U.S. and Hong Kong.
Both firms aim to lead the shift toward on-chain finance through joint research, pilot programs, and enterprise integrations.
This collaboration marks a significant step in bringing traditional finance (TradFi) closer to blockchain. It also underscores the growing institutional interest in digital assets and tokenized real-world assets (RWAs).
A Trillion-Dollar Asset Manager Goes On-Chain
Mirae Asset Group is among South Korea’s largest independent asset managers, with total AUM exceeding ₩1.024 quadrillion ($730 billion). Mirae Asset Global Investments alone contributes **₩430 trillion ($306 billion)** to that figure. The firm ranks 15th globally by AUM and is a top 12 ETF issuer by revenue, according to ETFdb.
Mirae was also the first domestic asset manager to expand globally in 2003. Today, its overseas business spans 16 regions, with offshore assets accounting for 45% of its AUM. Now, it’s looking to blockchain to modernize operations and unlock new efficiencies.
Why Avalanche?
Avalanche offers high-speed, low-latency, and enterprise-grade Layer-1 infrastructure. Its features make it well-suited for complex financial applications, including tokenization.
Using Avalanche’s technology, Mirae plans to tokenize global fund products in regions like the U.S. and Hong Kong, where regulatory conditions allow. This tokenization will support real-world applications such as on-chain settlements, cross-border payments, and automated asset operations.
Ava Labs, which maintains the Avalanche network, has already built strong ties with financial institutions. Previous collaborations include:
The first state-level stablecoin in Wyoming
Blockchain experiments with JPMorgan and Citi
The issuance of a Japanese yen stablecoin
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Strategic Crypto & Non-crypto partnerships in 2025
Major Non-Crypto & Crypto Company Partnerships – 2025
Partnership
Description
Key Focus
Mastercard + Circle
Expanded settlement system in EEMEA using USDC and EURC stablecoins
Stablecoin-based merchant settlement
PNC Bank + Coinbase
Joint strategy to offer crypto services and enable secure banking integration
Crypto banking access for customers
Binance + Franklin Templeton
Collaboration to launch tokenized asset products and blockchain fund models
Asset tokenization & fund innovation
Jio Platforms + Polygon Labs
Working on “JioCoin” to enable blockchain payments within India’s digital ecosystem
Retail blockchain payments at scale
AAA + Integra Ledger
Blockchain for secure arbitration document verification and audit trails
Legaltech & arbitration document registry
FlySociety + Deus X Pay
Allowing clients to pay for luxury charters using stablecoins
Stablecoin payment rails for luxury services
What Comes Next?
The MoU outlines joint research, pilot programs, and connections with institutional players. Both firms aim to build a scalable tokenization framework and lead the global shift toward on-chain asset management.
“Tokenization is becoming a new standard in global finance,” said John Nahas, Chief Business Officer at Ava Labs. “This partnership reflects a trend extending beyond Asia. Mirae’s global scale combined with Avalanche’s infrastructure will accelerate the on-chain future.”
Kim Young-hwan, President of Mirae Asset’s Innovation and Global Management Division, added:
“This is a critical step in our digital transformation. Ava Labs brings blockchain expertise, while we bring deep financial knowledge. Together, we’ll tokenize real assets and create new investment experiences for our clients.”
Frequently Asked Questions
What is the Avalanche–Mirae Asset partnership about?
The partnership focuses on tokenizing fund products and building blockchain-based asset management and settlement systems using Avalanche’s infrastructure.
Who is Mirae Asset Global Investments?
Mirae Asset Global is the international investment arm of South Korea’s Mirae Asset Group. It manages ₩430T (~$306B) and operates in 16 global markets.
Why did Mirae choose Avalanche?
Avalanche offers fast finality, low fees, and enterprise-grade compliance—making it well-suited for fund tokenization and financial products.
Where will tokenized funds launch first?
Initial rollouts are planned for regulatory-friendly regions like the U.S. and Hong Kong, with plans to scale globally.
What does Ava Labs bring to the table?
Ava Labs brings deep experience in deploying financial applications on-chain and maintains Avalanche, a Layer-1 blockchain built for speed and compliance.
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