{"id":493342,"date":"2025-09-26T00:52:58","date_gmt":"2025-09-26T00:52:58","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2025\/09\/26\/avalanche-deal-with-etf-giant-yuan-stablecoin-fake-news-asia-express\/"},"modified":"2025-09-26T00:52:58","modified_gmt":"2025-09-26T00:52:58","slug":"avalanche-deal-with-etf-giant-yuan-stablecoin-fake-news-asia-express","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2025\/09\/26\/avalanche-deal-with-etf-giant-yuan-stablecoin-fake-news-asia-express\/","title":{"rendered":"Avalanche deal with ETF giant, yuan stablecoin \u2018fake news\u2019: Asia Express"},"content":{"rendered":"<p>\n                        <img decoding=\"async\" src=\"https:\/\/s3.magazine.cointelegraph.com\/magazine\/wp-content\/uploads\/2024\/01\/magazine-Asia-Express-08_02_23-scaled.jpg\" class=\"type:primaryImage\" \/>\n                    <\/p>\n<p>Avalanche inks a deal to tokenize South Korean financial giant\u2019s ETFs, Hong Kong hits back at yuan stablecoin \u2018fake news\u2019. Asia Express.<\/p>\n\n<p>Mirae Asset Global Investments has <a href=\"https:\/\/x.com\/AvalancheKorea\/status\/1971036072869241204\" target=\"_blank\" rel=\"nofollow\">signed<\/a> a memorandum of understanding with Ava Labs, the developer of the Avalanche blockchain, to tokenize fund products and build onchain asset management and settlement systems.\u00a0<\/p>\n<p>Mirae Asset Group is one of South Koreas largest independent asset managers. The total assets under management (AUM) in the groups umbrella is <a href=\"https:\/\/securities.miraeasset.com\/newir\/view\/pc\/kr\/about\/newsView.jsp?seq=709\" target=\"_blank\" rel=\"nofollow\">estimated<\/a> at 1.024 quadrillion Korean won (over $730 billion). Mirae Asset Global Investments, which handles the group\u2019s overseas investments, as the name suggests, contributes 430 trillion won (about $306 billion).<\/p>\n<p>The global investment arm is also a top 12 ETF issuer in the world based on estimated revenue, and 15th by AUM, as of Thursday, according to <a href=\"https:\/\/etfdb.com\/etfs\/issuers\/#issuer-power-rankings__aum&amp;sort_name=performance_position&amp;sort_order=asc&amp;page=1\" target=\"_blank\" rel=\"nofollow\">data<\/a> from ETFdb.<\/p>\n<p><a href=\"https:\/\/cointelegraph.com\/magazine\/avalanche-deal-with-etf-giant-yuan-stablecoin-fake-news-asia-express\/\">Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Avalanche inks a deal to tokenize South Korean financial giant\u2019s ETFs, Hong Kong hits back at yuan stablecoin \u2018fake news\u2019. Asia Express. Mirae Asset Global Investments has signed a memorandum of understanding with Ava Labs, the developer of the Avalanche blockchain, to tokenize fund products and build onchain asset management and settlement systems.\u00a0 Mirae Asset [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":493343,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-493342","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/493342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=493342"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/493342\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/493343"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=493342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=493342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=493342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}