Mirae Asset Global Investments and Ava Labs, the developer behind the Avalanche blockchain, signed a memorandum of understanding (MOU) on Thursday to jointly develop fund tokenization and on-chain operation and settlement systems, the firms said. Avalanche said on X (formerly Twitter), “By combining Mirae’s $316B scale with Avalanche’s institutional-grade blockchain, the two firms aim to set new standards for tokenized funds — where global capital connects with next-generation technology.”