$109B Crypto Empire: Mirae Asset Targets Blockchain Expansion

Mirae Asset is planning to create a $109 billion digital asset empire through its exchange Digital X. The company aims to become profitable by 2027 and has set aside up to 300 billion won ($218 million) for further investment.

Digital X, formerly known as Korbit, was acquired by Mirae Asset Consulting in July when it obtained 97.15% of the shares. The platform plans to expand its services beyond cryptocurrency trading to include stablecoins, real-world assets, and security token offerings.

The company's long-term vision is to have a unified platform for traditional financial and digital assets to function together. It will also investigate blockchain representation of physical and illiquid assets like gold, silver, and electricity.