Avalanche Blockchain Taps South Korean Investment Giant for ETF Tokenization
Ava Labs, the company behind the Avalanche blockchain, has announced a significant collaboration with Mirae Asset Global Investments. This partnership aims to explore the exciting potential of tokenizing fund products and developing innovative on-chain asset management and settlement systems.
Mirae Asset’s Significant Market Presence
Mirae Asset Group, a prominent independent asset manager based in South Korea, commands substantial influence in the financial world. The group’s total assets under management (AUM) are estimated at a staggering over $730 billion. Notably, Mirae Asset Global Investments, its international investment arm, alone manages approximately $306 billion of this impressive total.
Global Investment Footprint
Mirae Asset Global Investments holds a truly significant position in the global ETF market. Industry data indicates it ranks among the top 12 ETF issuers worldwide based on estimated revenue, and a prominent 15th by AUM. This collaboration with such a powerful player underscores the growing adoption of blockchain technology in traditional finance.
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