Mirae Asset & Ava Labs Team Up to Explore Tokenized Finance
Mirae Asset Global Investments and Ava Labs have joined forces to explore tokenized finance and real-world asset tokenization. The partnership aims to transform traditional financial products into tokenized instruments and build operational infrastructure for their long-term use.
Mirae Asset, a global investment firm, is expanding its digital footprint through this collaboration. The company will use Avalanche's blockchain infrastructure to conduct pilot programs in key markets like the United States and Hong Kong. These tests will explore issuance, custody, settlement, and payment processes for tokenized fund products.
Ava Labs, the team behind the Avalanche blockchain, is no stranger to such initiatives. They have previously collaborated with institutional investors like SkyBridge Capital on major tokenization projects. Although specific public banks or governmental institutions are not listed, the focus has been on institutional adoption and tokenization. This partnership with Mirae Asset is another step towards real-world applications of the Avalanche blockchain.
The partnership between Mirae Asset and Ava Labs signals a significant step towards institutional adoption of tokenized finance. By exploring tokenization and blockchain-based settlement systems, they are paving the way for the future of financial products.
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