Mirae Asset Global Investments Signs MOU with Avalanche Blockchain Platform

On September 25, Mirae Asset Global Investments announced that it had signed a Memorandum of Understanding (MOU) with Ava Labs, the developer of the Avalanche blockchain platform, for the joint development of fund tokenization and on-chain operation and payment systems.

Through this agreement, the two companies will collaborate in various areas, including joint research and feasibility studies on fund tokenization, linking global institutional ecosystems, and launching pilot projects to build on-chain-based operation and payment systems.

By leveraging the fast processing speed, high compatibility, and institution-tailored Layer-1 infrastructure of the Avalanche blockchain, the companies plan to tokenize Mirae Asset’s global fund products and establish a scalable tokenization framework in major markets such as the United States and Hong Kong, where regulations permit.

Mirae Asset Global Investments, which became the first Korean asset management company to enter overseas markets by establishing its Hong Kong subsidiary in 2003, now operates a global network in 16 regions worldwide. Overseas assets account for approximately 45% of its total assets under management (AUM).

Ava Labs has built extensive partnerships with global financial and digital asset companies. As the blockchain company that develops and operates the Avalanche mainnet, it boasts fast processing speed, scalability, and regulatory compliance. The company has demonstrated real-world use cases in various public and financial sector projects, including issuing the first state-level stablecoin in Wyoming, participating in blockchain network experiments with institutions such as JPMorgan and Citibank, and issuing a Japanese yen stablecoin.

With this agreement, the two companies aim to introduce innovative financial solutions powered by blockchain technology and lead the global digital asset management ecosystem.

John Nahas, CBO of Ava Labs, stated, "Tokenization is becoming the new standard in global finance," and described the agreement as "an important signal showing the expansion of this trend beyond Asia to the world." He added, "Combining Mirae Asset’s global asset management scale with Avalanche’s institutional-grade infrastructure will accelerate the future of on-chain asset management."

Younghwan Kim, Head of Innovation and Global Management at Mirae Asset Global Investments, said, "This agreement is a significant milestone that strengthens our digital transformation capabilities as a global asset manager," and explained, "By combining Ava Labs’ blockchain technology with our product and asset management expertise, we will accelerate the tokenization of real-world assets (RWA)."

He added, "We will provide customers with a new investment experience and secure a leading position in the global market."

John Nahas, CBO of Abalabs, and Younghwan Kim, Head of Innovation and Global Management at Mirae Asset Global Investments, are taking a commemorative photo after signing a Memorandum of Understanding (MOU) for the joint development of fund tokenization and on-chain operation and payment systems.