Future Asset Management partners with Ondo, Global X ETF goes on-chain, and Korbit acquires, with Korea’s STO regulations set to be implemented next February—Asia’s main battleground for RWA is about to get lively.

Future Asset Management signs an MOU with Ondo Finance to cooperate on the on-chain tokenization of funds and real-world assets (RWA), on-chain asset management infrastructure, and the development of digital products for global investors. The starting point is the tokenization of U.S.-listed ETFs, combined with Global X and overseas expansion. Korea’s STO regulations are expected to be implemented in February next year; prior to that, it has already built an on-chain settlement system with Ava Labs and acquired Korbit. According to RWAxyz data, earlier this year the total value of on-chain tokenized stocks exceeded $1 billion, with Ondo Finance holding a 58% market share.