South Korea’s Korbit becomes Digital X under Mirae Asset ownership

Mirae Asset has rebranded South Korean cryptocurrency exchange Korbit as Digital X after completing its acquisition of a controlling stake, positioning the platform as the centerpiece of its digital asset strategy. Summary Mirae Asset has renamed South Korean crypto exchange Korbit to Digital X after completing its acquisition of a 97.15% stake. The group said Digital X will focus on RWA tokenization, security tokens, stablecoins and products linking traditional and digital assets. Existing Korbit services will continue without changes while the exchange strengthens compliance and customer protection measures. South Korean outlet Herald Business reported that Mirae Asset Group founder and Global Strategy Officer Park Hyeon-joo informed employees in an internal email on July 23 that Korbit had officially joined the group and would begin operating under the new name, Digital X. The announcement came after Mirae Asset Consulting completed its purchase of a 97.15% stake in the exchange. Park described the rebranding as part of the group’s “Mirae Asset 3.0” strategy, under which Digital X will combine traditional financial services with digital asset businesses. According to the report,...