Galaxy Digital has completed its first tokenized CLO, using blockchain infrastructure to bring private credit and crypto-backed loans onchain. Galaxy Digital has closed its first tokenized collateralized loan obligation (CLO), bringing private credit onto blockchain infrastructure. The deal, known as Galaxy CLO 2025-1, was issued on Avalanche and has financed roughly $75 million in loans so far, according to a Thursday announcement. The transaction is anchored by a $50 million allocation from Grove, an institutional credit protocol within the Sky ecosystem, formerly known as MakerDAO. “By uniting our strengths in debt capital markets, blockchain technology, and asset management, we're opening a new avenue for institutional engagement in credit markets—one that benefits from greater efficiency, transparency, and expanded collateral flexibility through onchain execution,” Chris Ferraro, president and chief investment officer at Galaxy, said. Read more
The collaboration aims to bring more than 1,000 entertainment properties onchain and establish a new framework for funding and distributing media as real-world assets. Mugafi, an AI-driven platform for entertainment intellectual property (IP), has partnered with Avalanche to tokenize films, anime, music and other media assets, allowing creators to finance and distribute projects directly onchain. The initiative will draw from Mugafi’s catalog and upcoming films. According to the company, its AI systems, trained on thousands of scripts and story structures, help evaluate projects before they are brought onchain for financing. Mugafi and Avalanche plan to finance more than $10 million in entertainment IP. The companies said their long-term target is to exceed $1 billion in annual IP financing throughput. Read more
Avalanche inks a deal to tokenize South Korean financial giant’s ETFs, Hong Kong hits back at yuan stablecoin ‘fake news.’ 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. Mirae Asset Group is one of South Koreas largest independent asset managers. The total assets under management (AUM) in the groups umbrella are estimated at 1.024 quadrillion Korean won (over $730 billion). Mirae Asset Global Investments, which handles the groups overseas investments, as the name suggests, contributes 430 trillion won (about $306 billion). The global investment arm is also a top 12 exchange-traded fund issuer in the world based on estimated revenue, and 15th by AUM, as of Thursday, according to data from ETFdb. Read more
Avalanche inks a deal to tokenize South Korean financial giant’s ETFs, Hong Kong hits back at yuan stablecoin ‘fake news.’ 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. Mirae Asset Group is one of South Koreas largest independent asset managers. The total assets under management (AUM) in the groups umbrella are estimated at 1.024 quadrillion Korean won (over $730 billion). Mirae Asset Global Investments, which handles the groups overseas investments, as the name suggests, contributes 430 trillion won (about $306 billion). The global investment arm is also a top 12 exchange-traded fund issuer in the world based on estimated revenue, and 15th by AUM, as of Thursday, according to data from ETFdb. Read more
Avalanche inks a deal to tokenize South Korean financial giant’s ETFs, Hong Kong hits back at yuan stablecoin ‘fake news.’ 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. Mirae Asset Group is one of South Koreas largest independent asset managers. The total assets under management (AUM) in the groups umbrella are estimated at 1.024 quadrillion Korean won (over $730 billion). Mirae Asset Global Investments, which handles the groups overseas investments, as the name suggests, contributes 430 trillion won (about $306 billion). The global investment arm is also a top 12 exchange-traded fund issuer in the world based on estimated revenue, and 15th by AUM, as of Thursday, according to data from ETFdb. Read more
Avalanche inks a deal to tokenize South Korean financial giant’s ETFs, Hong Kong hits back at yuan stablecoin ‘fake news.’ 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. Mirae Asset Group is one of South Koreas largest independent asset managers. The total assets under management (AUM) in the groups umbrella are estimated at 1.024 quadrillion Korean won (over $730 billion). Mirae Asset Global Investments, which handles the groups overseas investments, as the name suggests, contributes 430 trillion won (about $306 billion). The global investment arm is also a top 12 exchange-traded fund issuer in the world based on estimated revenue, and 15th by AUM, as of Thursday, according to data from ETFdb. Read more
Avalanche inks a deal to tokenize South Korean financial giant’s ETFs, Hong Kong hits back at yuan stablecoin ‘fake news.’ 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. Mirae Asset Group is one of South Koreas largest independent asset managers. The total assets under management (AUM) in the groups umbrella are estimated at 1.024 quadrillion Korean won (over $730 billion). Mirae Asset Global Investments, which handles the groups overseas investments, as the name suggests, contributes 430 trillion won (about $306 billion). The global investment arm is also a top 12 exchange-traded fund issuer in the world based on estimated revenue, and 15th by AUM, as of Thursday, according to data from ETFdb. Read more
Avalanche inks a deal to tokenize South Korean financial giant’s ETFs, Hong Kong hits back at yuan stablecoin ‘fake news.’ 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. Mirae Asset Group is one of South Koreas largest independent asset managers. The total assets under management (AUM) in the groups umbrella are estimated at 1.024 quadrillion Korean won (over $730 billion). Mirae Asset Global Investments, which handles the groups overseas investments, as the name suggests, contributes 430 trillion won (about $306 billion). The global investment arm is also a top 12 exchange-traded fund issuer in the world based on estimated revenue, and 15th by AUM, as of Thursday, according to data from ETFdb. Read more
Avalanche inks a deal to tokenize South Korean financial giant’s ETFs, Hong Kong hits back at yuan stablecoin ‘fake news.’ 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. Mirae Asset Group is one of South Koreas largest independent asset managers. The total assets under management (AUM) in the groups umbrella are estimated at 1.024 quadrillion Korean won (over $730 billion). Mirae Asset Global Investments, which handles the groups overseas investments, as the name suggests, contributes 430 trillion won (about $306 billion). The global investment arm is also a top 12 exchange-traded fund issuer in the world based on estimated revenue, and 15th by AUM, as of Thursday, according to data from ETFdb. Read more
Avalanche inks a deal to tokenize South Korean financial giant’s ETFs, Hong Kong hits back at yuan stablecoin ‘fake news.’ 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. Mirae Asset Group is one of South Koreas largest independent asset managers. The total assets under management (AUM) in the groups umbrella are estimated at 1.024 quadrillion Korean won (over $730 billion). Mirae Asset Global Investments, which handles the groups overseas investments, as the name suggests, contributes 430 trillion won (about $306 billion). The global investment arm is also a top 12 exchange-traded fund issuer in the world based on estimated revenue, and 15th by AUM, as of Thursday, according to data from ETFdb. Read more
Avalanche inks a deal to tokenize South Korean financial giant’s ETFs, Hong Kong hits back at yuan stablecoin ‘fake news.’ 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. Mirae Asset Group is one of South Koreas largest independent asset managers. The total assets under management (AUM) in the groups umbrella are estimated at 1.024 quadrillion Korean won (over $730 billion). Mirae Asset Global Investments, which handles the groups overseas investments, as the name suggests, contributes 430 trillion won (about $306 billion). The global investment arm is also a top 12 exchange-traded fund issuer in the world based on estimated revenue, and 15th by AUM, as of Thursday, according to data from ETFdb. Read more
Avalanche inks a deal to tokenize South Korean financial giant’s ETFs, Hong Kong hits back at yuan stablecoin ‘fake news.’ 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. Mirae Asset Group is one of South Koreas largest independent asset managers. The total assets under management (AUM) in the groups umbrella are estimated at 1.024 quadrillion Korean won (over $730 billion). Mirae Asset Global Investments, which handles the groups overseas investments, as the name suggests, contributes 430 trillion won (about $306 billion). The global investment arm is also a top 12 exchange-traded fund issuer in the world based on estimated revenue, and 15th by AUM, as of Thursday, according to data from ETFdb. Read more
Avalanche inks a deal to tokenize South Korean financial giant’s ETFs, Hong Kong hits back at yuan stablecoin ‘fake news.’ 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. Mirae Asset Group is one of South Koreas largest independent asset managers. The total assets under management (AUM) in the groups umbrella are estimated at 1.024 quadrillion Korean won (over $730 billion). Mirae Asset Global Investments, which handles the groups overseas investments, as the name suggests, contributes 430 trillion won (about $306 billion). The global investment arm is also a top 12 exchange-traded fund issuer in the world based on estimated revenue, and 15th by AUM, as of Thursday, according to data from ETFdb. Read more
Avalanche inks a deal to tokenize South Korean financial giant’s ETFs, Hong Kong hits back at yuan stablecoin ‘fake news.’ 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. Mirae Asset Group is one of South Koreas largest independent asset managers. The total assets under management (AUM) in the groups umbrella are estimated at 1.024 quadrillion Korean won (over $730 billion). Mirae Asset Global Investments, which handles the groups overseas investments, as the name suggests, contributes 430 trillion won (about $306 billion). The global investment arm is also a top 12 exchange-traded fund issuer in the world based on estimated revenue, and 15th by AUM, as of Thursday, according to data from ETFdb. Read more
Avalanche inks a deal to tokenize South Korean financial giant’s ETFs, Hong Kong hits back at yuan stablecoin ‘fake news.’ 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. Mirae Asset Group is one of South Koreas largest independent asset managers. The total assets under management (AUM) in the groups umbrella are estimated at 1.024 quadrillion Korean won (over $730 billion). Mirae Asset Global Investments, which handles the groups overseas investments, as the name suggests, contributes 430 trillion won (about $306 billion). The global investment arm is also a top 12 exchange-traded fund issuer in the world based on estimated revenue, and 15th by AUM, as of Thursday, according to data from ETFdb. Read more
The rally in AVAX price came as institutional momentum and network growth signaled renewed investor confidence in the Avalanche ecosystem. Key takeaways: AVAX’s 10% to $33 on Tuesday is fueled by Avalanche treasury initiatives. Avalanche's network growth in TVL and stablecoin market cap shows booming DeFi adoption. Read more