Mirae Asset targets $109B digital asset business

Mirae Asset has set a 150 trillion won or about $109 billion target for a digital asset business spanning cryptocurrency, stablecoins, real-world assets and tokenized securities. Summary Digital X will serve as a central part of Mirae Asset’s next growth strategy. Mirae Asset acquired 97.15% of the former Korbit exchange for 141.4 billion won. The group plans to tokenize assets such as gold, silver, and electricity. Digital X has waived trading fees on won-denominated assets until August 2027. Digital X will anchor Mirae Asset’s $109B plan The Korea Times reported the target after Mirae Asset founder and chairman Park Hyeon-joo presented the strategy to Digital X employees at an event in Seoul on Wednesday. Under the plan, the financial group will develop its digital asset operations around four areas: cryptocurrency, stablecoins, real-world assets, and security token offerings. Mirae Asset also intends to digitize physical and financial assets, with gold, silver, and electricity among the examples identified by the company. Digital X, the exchange formerly known as Korbit, will form the main operating base for the strategy. Mirae Asset is using its 1,500 trillion won in client ass...