South Korean financial group Mirae Asset plans to build a 150 trillion won ($109 billion) digital asset business around Digital X, formerly known as Korbit. This expansion will cover cryptocurrencies, stablecoins, real-world assets and security token offerings, with plans to tokenize physical assets including gold, silver and electricity. Mirae Asset Consulting acquired a 97.15% stake in Korbit in July for a cumulative 141.4 billion won, marking the first time an affiliate of a South Korean financial group took control of a domestic crypto exchange. Founded in 2013, Korbit was South Korea’s first cryptocurrency exchange but accounted for only 0.5% of South Korea’s cryptocurrency trading market in 2025.
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