Mirae Asset lays out crypto, stablecoin, tokenization plans for Digital X
The South Korean financial group plans to build a $109 billion digital asset business spanning crypto, stablecoins and tokenized assets, according to The Korea Times.
South Korean financial conglomerate Mirae Asset has unveiled ambitious plans to create a $109 billion digital asset business under its Digital X platform, according to The Korea Times. The expansion, which will span cryptocurrency, stablecoins, tokenized real-world assets, and security token offerings, is set to be anchored by Digital X, a crypto exchange previously known as Korbit.
The currency exchange, which went public in 2013 and was once South Korea's leading cryptocurrency trading platform, has been rebranded as Digital X following Mirae Asset Consulting's acquisition of a 97.15% stake in Korbit in July for a total of 141.4 billion won. Park Hyeon-joo, Mirae Asset's founder and chairman, announced the ambitious plans at a Digital X employee event in Seoul, stating that Digital X will become a core pillar of Mirae Asset 3.0.
The company has also begun waiving trading fees on all won-denominated assets until August 24, 2027.
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