Ondo and Mirae Asset Launch Tokenized ETFs for Mainstream Markets

Ondo Finance has partnered with Mirae Asset to bring Global X ETFs into tokenized markets, giving one of the world's largest asset-management groups a direct path into onchain fund distribution.

The partnership will begin with Global X ETFs listed in the United States before expanding to funds in Canada, Europe, Australia, Japan and Hong Kong. This move strengthens Ondo's position in tokenized securities, which already operates through its platform, Ondo Global Markets.

Tokenized ETFs can package equity baskets, income strategies, commodities, sector exposure and active allocation into blockchain-based securities, making them a broader step beyond the initial RWA market that began with tokenized Treasuries. Investors could eventually move ETF exposure through onchain accounts, settle faster and integrate positions into tokenized portfolios.

The structure still needs clear legal boundaries, as investors need to understand who issues the token, where the underlying fund sits, how redemption works, who can hold it and which regions are allowed to access it. Ondo's existing platform has already crossed a major scale threshold, with Ondo Global Markets passing $1 billion in TVL.