Mirae Asset Sets $109 B Target for Digital Asset Business

Mirae Asset announced a plan to develop a digital‑asset business worth 150 trillion won (about $109 billion). The strategy focuses on four pillars – cryptocurrency trading, stablecoins, tokenised real‑world assets and security‑token offerings – and positions the rebranded exchange Digital X as the central operating hub.

Acquisition and Rebranding of Korbit

The group purchased a 97.15 % stake in the former Korbit exchange for 141.4 billion won, renaming it Digital X. The acquisition gives Mirae Asset access to an existing exchange platform, its client base and financial infrastructure.

Fee Waiver to Drive Activity

Digital X has eliminated trading fees on all won‑denominated assets until August 2027, aiming to attract volume ahead of the rollout of new tokenised products.

Planned Tokenisation of Physical Assets

Mirae Asset intends to tokenise assets such as gold, silver and electricity. The company has not disclosed the timeline for specific products or the allocation of the $109 billion target across its four focus areas.

Regulatory Context in South Korea

South Korea is updating its Electronic Securities Act and Capital Markets Act to recognise blockchain‑based ledgers for securities registration. The revised framework, effective February 2027, will support the issuance and trading of tokenised securities under existing capital‑market rules.

Financial Backing and Outlook

In August, Digital X’s board approved a 50 billion‑won capital injection via new common shares, strengthening its balance sheet. Mirae Asset aims to achieve profitability for its digital‑asset operations by 2027, though no detailed timetable for reaching the full 150 trillion‑won target has been provided.