South Korean financial group Mirae Asset plans to build a digital asset business valued at 150 trillion won (approximately $109 billion) through its cryptocurrency exchange Digital X. The planned business will cover cryptocurrencies, stablecoins, and the tokenization of real-world assets. Group founder Park Hyun-joo told employees on Wednesday that the goal is to make Digital X a core pillar of 'Mirae Asset 3.0.' Specifically, the plan includes tokenizing physical assets such as gold, silver, and electricity, while also launching security token offering (STO) services. Meanwhile, Digital X has introduced a zero-fee policy for Korean won trading pairs, effective from Monday and scheduled to run until August 24, 2027. On the corporate side, Mirae Asset Consulting acquired 97.15% of Korbit, the predecessor of Digital X, for 141.4 billion won in July this year. That deal made it the first subsidiary of a financial group to take control of a domestic South Korean cryptocurrency exchange. CoinTelegraph reported the news, citing The Korea Times.
Business Scope and Goals
South Korean financial group Mirae Asset is planning to build a digital asset business worth 150 trillion won (about $109 billion) through its crypto exchange, Digital X. The initiative covers cryptocurrencies, stablecoins, and tokenization of real-world assets.
Founder Park Hyun-joo told employees on Wednesday that Digital X is expected to become a core pillar of 'Mirae Asset 3.0.' The roadmap includes tokenizing physical assets such as gold, silver, and electricity, and launching security token offering (STO) services.
Zero-Fee Trading and Korbit Acquisition
On the exchange side, Digital X has waived trading fees for Korean won pairs starting Monday. The zero-fee policy runs until August 24, 2027. Mirae Asset Consulting acquired 97.15% of Korbit — which is Digital X's predecessor — for 141.4 billion won in July this year. That transaction made it the first subsidiary of a financial group to control a domestic South Korean cryptocurrency exchange.
CoinTelegraph reported the news, citing The Korea Times.
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