Mirae Asset Global Investments and AVA Labs, developers behind the Avalanche blockchain, signed a Memorandum of Understanding (MOU) on Thursday to jointly develop funds tokenization and chain operation and payment systems.
“By combining Mirae’s $316 billion measure with Avalanche’s facility-grade blockchain, the two companies aim to set new standards for tokenized funds where global capital connects with next-generation technologies,” Avalanche said on X (formerly Twitter).
Under the agreement, the companies will conduct iconic research and feasibility studies of fund products, connect with the global institutional ecosystem, run pilot projects and build operational and payment rails on the chain. The partnership explicitly aims to construct the operational backbone, custody, settlement and payments necessary to convert selected Mirae Asset products into tokenized equipment where local rules are permitted and run at scale.
Mirae Asset said it will leverage the avalanche high throughput, low latency and enterprise-centric Layer-1 infrastructure to pilot tokenization in major jurisdictions such as the US and Hong Kong. The goal is to create a scalable tokenization framework that can be applied to Mirae Asset’s International Fund lineup.
Accelerate digital conversion
In 2003, Hong Kong subsidiary Mirae Asset grew into a global manager operating in 16 regions, with overseas assets accounting for approximately 45% of total assets under management. The company said its collaboration with AVA Labs is a strategic step to accelerate digital transformation and expand client investment options.
AVA Labs, which develops and maintains Avalanche Mainnet, has worked with a variety of financial and public sector partners to demonstrate real-world use cases of tokenization and programmable money, from experimenting with major banks to supporting nationally-wide standard coins and regulations.
Recent projects, including an avalanche, include proof of concept with banks and the deployment of state and sovereign-backed Stablecoin initiatives, with networks focusing on speed, compliance and institutional tools.
“We are pleased to announce that we are committed to providing a range of services and services to our customers,” said John Nahas, Chief Business Officer at AVA Labs. “Tokenization is becoming a new standard for global finance, and this partnership reflects the trend of expanding Asia across Asia to the world by combining the global asset management scale of Mirae assets with the avalanche institutional grade infrastructure to accelerate the future of on-chine asset management.”
Kim Young-Hwan, president of Mirae Asset’s Innovation and Global Management Division, described the MOU as “an important step in enhancing our digital transformation capabilities as a global asset manager.” He added that combining AVA Labs’ blockchain technology with Mirae Asset’s product and operational expertise will drive real-world assets (RWA) tokenization, providing new investment experiences for clients and helping companies position themselves as leaders in the evolving digital asset management market.
The agreement follows a broader push by traditional financial players to try out similarly tokenized securities and payment rails in networks without authorized permission. If the pilot between Mirae Asset and AVA Labs is successful, institutional adoption can be accelerated by demonstrating operational workflows, issuance, custody, settlements, and on- and off-ramps of FIAT that meet regulatory and investor requirements.
Mirae Asset and AVA Labs plan to start a joint research project and start pilot work soon. The two companies said pilot timing and specific product details will be announced as these projects progress.
