South Korean financial giant Mirae Asset plans to build a 150 trillion won ($109 billion) digital asset business around Digital X, the crypto exchange formerly known as Korbit.
Digital X will focus on cryptocurrencies, stablecoins, real-world assets and security token offerings, with plans to tokenize physical assets including gold, silver and electricity, according to The Korea Times.
The strategy follows Mirae Asset Consulting’s acquisition of a 97.15% stake in Korbit for 141.4 billion won in July. The exchange was subsequently rebranded as Digital X, making Mirae Asset the first South Korean financial group affiliate to take control of a domestic crypto exchange.
Mirae Asset Chairman Park Hyeon-joo said the initial goal is to make Digital X a core pillar of the group’s “Mirae Asset 3.0” strategy.
Digital X has also introduced zero trading fees on all won-denominated assets, with the promotion scheduled to run through Aug. 24, 2027.
Digital X will focus on cryptocurrencies, stablecoins, real-world assets and security token offerings, with plans to tokenize physical assets including gold, silver and electricity, according to The Korea Times.
The strategy follows Mirae Asset Consulting’s acquisition of a 97.15% stake in Korbit for 141.4 billion won in July. The exchange was subsequently rebranded as Digital X, making Mirae Asset the first South Korean financial group affiliate to take control of a domestic crypto exchange.
Mirae Asset Chairman Park Hyeon-joo said the initial goal is to make Digital X a core pillar of the group’s “Mirae Asset 3.0” strategy.
Digital X has also introduced zero trading fees on all won-denominated assets, with the promotion scheduled to run through Aug. 24, 2027.