Mirae Asset Targets $109B Digital Asset Empire with Digital X Rebrand

What happened: Mirae Asset Financial Group’s founder, Park Hyeon-joo, announced an ambitious plan to build a 150 trillion won (~$109 billion) digital asset business through its newly rebranded exchange, Digital X (formerly Korbit). Mirae acquired a 97.15% stake in the exchange for approximately $102 million. The strategy, dubbed "Mirae Asset 3.0," aims to integrate tokenized real-world assets, stablecoins, and security tokens with traditional and digital finance, leveraging the group’s 1,500 trillion won in client assets.

Why it matters: This is the first major crypto exchange acquisition by a Korean traditional finance giant, signaling growing institutional interest in digital assets. The $109 billion figure is an aspirational asset-under-management target, not a current valuation, but it reflects the scale of Mirae’s ambitions. The group targets profitability for Digital X by 2027, with up to 300 billion won in additional capital if milestones are met.

Source: Korea Times