Mirae Asset Unveils $109 Billion Crypto Expansion Plan

Mirae Asset, a South Korean financial group, is building a significant digital asset business around its crypto exchange Digital X. The planned $109 billion business will focus on cryptocurrencies, stablecoins, tokenized assets, and security token offerings.

The expansion plans follow Mirae Asset Consulting's acquisition of a 97.15% stake in Korbit, the exchange now rebranded as Digital X, for a cumulative 141.4 billion won in July.

Park Hyeon-joo, Mirae Asset founder and chairman, outlined the goals at an employee event: 'Our initial goal is to make Digital X a core pillar of ‘Mirae Asset 3.0’.'