Mirae Asset lays out crypto, stablecoin, tokenization plans for Digital X
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
South Korean financial group Mirae Asset plans to build a $109 billion digital asset business centered on Digital X, the crypto exchange formerly known as Korbit. The business will focus on crypto, stablecoins, real-world assets, and security token offerings, including tokenization of physical assets like gold, silver, and electricity. Mirae Asset acquired a 97.15% stake in Korbit in July, rebranding the exchange as Digital X.
Why it matters
The development marks the first time a South Korean financial group affiliate has taken control of a domestic crypto exchange, signaling a significant move by traditional finance into digital assets within South Korea. The source does not explicitly elaborate on broader market or policy impacts.
Key context
Korbit, founded in 2013 as South Korea’s first cryptocurrency exchange, held only 0.5% of the country’s crypto trading market in 2025. Mirae Asset founder and chairman Park Hyeon-joo articulated plans to make Digital X a central part of "Mirae Asset 3.0." Digital X recently started waiving trading fees on all won-denominated assets through August 24, 2027.
Key numbers and entities
Mirae Asset (financial group), Digital X (formerly Korbit), Park Hyeon-joo (Mirae Asset founder and chairman), 150 trillion won ($109 billion) planned business size, 97.15% acquisition stake, 141.4 billion won acquisition cost, 0.5% market share in 2025 for Korbit.
What remains unclear
The source does not specify detailed timelines for the rollout of tokenization projects or additional business lines beyond the broad categories mentioned. It also does not provide insight into how the expansion will affect existing market competitors or regulatory responses.