Mirae Asset has unveiled an ambitious plan to turn its newly acquired crypto exchange, Digital X (formerly Korbit), into the centerpiece of a $108 billion digital-asset push — part of a broader “Mirae Asset 3.0” strategy that aims for profitability by 2027. What was announced - At an Aug. 26 event for Digital X staff at the Four Seasons Hotel in Seoul, Mirae Asset Group Chairman and Global Strategy Officer Park Hyeon-joo laid out a numerical target: grow the group’s digital asset business to 150 trillion won (about $108 billion) and reach profitability by 2027. Park said Digital X will be “a key pillar of Mirae Asset 3.0.” - The plan centers on four pillars: cryptocurrencies, stablecoins, real-world assets (RWAs), and security token offerings. Mirae Asset also intends to digitize physical assets such as gold, silver and electricity and to build an “on-chain finance” ecosystem that combines digital-native assets with tokenized versions of traditional assets. Background on the acquisition - Mirae Asset Consulting acquired control of Korbit — later renamed Digital X — completing a 97.15% stake after initially buying 92.06% and then the remaining 5.42%. The takeover, approved by South Korea’s Fair Trade Commission, was described in local reporting as the first purchase of a crypto exchange by an affiliate of a traditional financial group in Korea. - Korbit’s trading, deposit, withdrawal and account services have continued uninterrupted, and customer cash and virtual assets remain segregated from company assets under Korea’s Virtual Asset User Protection Act. How Mirae Asset plans to execute - Digital X will focus on crypto trading and client-facing products, while Mirae Asset will leverage its broader banking, asset-management and client base to develop stablecoins, RWA projects and tokenized securities. The group said it will also provide principal investment to support selected digital-asset operations. - No technical specifics were given: Mirae Asset has not disclosed token structures, blockchains, launch schedules or expected transaction volumes for its planned products. Regulatory and infrastructure context - South Korea is actively preparing legal and technical infrastructure for tokenized securities. The Financial Services Commission (FSC) has said detailed rules will be drawn up ahead of amendments to the Capital Markets Act and Electronic Securities Act coming into effect on Feb. 4, 2027. Those changes are expected to formally recognize distributed ledger systems within regulated securities infrastructure. - Infrastructure work is underway: Samsung SDS won a contract to build a production token securities platform for the Korea Securities Depository, timed for completion around the 2027 legal changes. - Other incumbents are also moving into tokenization. Shinhan Asset Management and Shinhan Investment & Securities signed agreements in June to study Korean tokenized assets and regulatory issues with the Canton Foundation. - Stablecoin rules remain unresolved. A July policy report from Hashed Open Research and the Solana Policy Institute proposed interim licensing guidance covering issuance, exchange conduct, disclosure and controls — but lawmakers and regulators are still negotiating the Digital Asset Basic Act and related measures. The FSC has indicated it will work to consolidate multiple digital-asset proposals into a government-backed bill covering stablecoins, exchange rules and system resilience. - The Bank of Korea has pushed for won-backed stablecoins to be issued initially through bank-led consortia and supported a statutory policy body involving financial regulators — highlighting that Mirae Asset’s stablecoin ambitions will be shaped by ongoing policymaking. Compliance and culture - Digital X has pledged to maintain compliance systems for AML, KYC, information security and fraud detection as it scales under Mirae Asset ownership. Park also urged staff at the integration event to be proactive and open to new financial-market changes rather than “remain within fixed frameworks.” Why this matters - Mirae Asset’s move signals a major traditional-finance entrant committing sizable resources and customers to crypto-native infrastructure in Korea. If successful, the plan would accelerate tokenization and on-chain finance adoption domestically and could influence how banks, asset managers and exchanges position themselves ahead of new legislation in 2027. What to watch next - Regulatory clarity on tokenized securities and stablecoin issuance, the Samsung SDS token platform rollout, and any product announcements or pilot projects from Digital X and Mirae Asset. All will be critical to gauging whether the 150 trillion won ambition can translate into actual market share and profitability by 2027. Read more AI-generated news on: undefined/news