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.  Mirae Asset Group is one of South Korea’s largest independent asset managers. The total assets under management (AUM) in the group’s umbrella are estimated at 1.024 quadrillion Korean won (over $730 billion). Mirae Asset Global Investments, which handles the group’s overseas investments, as the name suggests, contributes 430 trillion won (about $306 billion).