Korbit Rebrands as Digital X Under Mirae Asset Group

South Korean crypto exchange Korbit is undergoing a significant transformation after being acquired by Mirae Asset Group. As part of its 'Mirae Asset 3.0' strategy, Korbit will rebrand as Digital X, according to an internal email from Park Hyeon-joo, founder and global strategy officer at Mirae Asset.

The new name reflects the group's goal of combining digital assets with traditional finance. Digital X is set to expand into various areas, including real-world asset (RWA) tokenization, security token offerings, stablecoins, and traditional asset products.

Park emphasized the importance of prioritizing anti-money laundering controls, customer verification, information security, and fraud detection as South Korea develops its crypto and tokenized securities rules. Mirae Asset completed its acquisition of a 97% stake in Korbit on Thursday, with existing services continuing uninterrupted.