Mirae Asset Completes Acquisition of Korbit, Rebrands as Digital X

Mirae Asset has completed its acquisition of Korbit, a South Korean cryptocurrency exchange, and rebranded it as Digital X. The acquisition gives Mirae Asset a 97.15% stake in the exchange.

The rebranding is part of Mirae Asset's 'Mirae Asset 3.0' strategy, which aims to combine traditional financial services with digital asset businesses. According to Park Hyeon-joo, Global Strategy Officer at Mirae Asset, Digital X will focus on RWA tokenization, security tokens, stablecoins, and products linking traditional and digital assets.

Park emphasized the importance of compliance and customer protection, stating that these are non-negotiable standards for the company. He also instructed employees to closely follow regulatory requirements as South Korea continues to refine its Virtual Asset User Protection Act.