Korbit Rebrands as Digital X Under Mirae Asset Group
Korbit, a South Korean cryptocurrency exchange, is set to rebrand as Digital X following its acquisition by Mirae Asset Group. The change comes after Mirae completed its purchase of a 97% stake in Korbit on Thursday.
Mirae's founder and global strategy officer, Park Hyeon-joo, announced the new name in an internal email to employees, describing Digital X as central to the group's 'Mirae Asset 3.0' strategy. This aims to combine digital assets with traditional finance through various products such as real-world asset tokenization and stablecoins.
Park emphasized the importance of prioritizing anti-money laundering controls, customer verification, information security, and fraud detection in light of South Korea's developing crypto and tokenized securities regulations.