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
BlackRock filed a registered trust company to back its proposed Bitcoin Premium Income ETF, a yield-generating product that would complement its $87 billion spot Bitcoin ETF, IBIT. Asset management giant BlackRock filed to register a Delaware trust company for its proposed Bitcoin Premium Income ETF on Thursday, signaling a push to broaden its Bitcoin offerings. Bloomberg ETF analyst Eric Balchunas said BlackRock’s proposed product would sell covered call options on Bitcoin futures, collecting premiums to generate yield. The regular distributions would, however, trade away potential upside from investing in BlackRock’s spot Bitcoin ETF, which mirrors Bitcoin’s (BTC) price movements. Read more
US President Donald Trump hosted Prime Minister Shehbaz Sharif and Chief of Army Staff (COAS) Field Marshal Asim Munir at the Oval Office in Washington, DC during the early hours of Friday morning. US Vice President JD Vance and Secretary of State Marco Rubio were also present, a statement issued by the Prime Minister’s Office (PMO) after the meeting said. It added that the meeting was held in a pleasant atmosphere. Photos released after the meeting showed both PM Shehbaz and Field Marshal Munir exchanging views with Trump. Trump was also all smiles as he flashed his signature thumbs up sign during a group photo. The meeting, which was closed to the press, was originally slated to begin at 4:30pm Washington time (1:30am PST) but was delayed by approximately 30 minutes as the US president spoke to reporters after signing executive orders. The meeting itself lasted approximately one hour and 20 minutes. Photos from the White House press pool before it began showed PM Shehbaz and Field Marshal Munir waiting pati...