Key facts
- South Korean crypto exchange Korbit is set to rebrand as Digital X.
- Mirae Asset Group has acquired a 97% stake in Korbit.
- The rebranding is part of Mirae Asset's 'Mirae Asset 3.0' strategy.
- The new entity will focus on tokenized assets, stablecoins, and digital finance.
- Expansion into real-world asset tokenization and security token offerings is planned.
South Korean cryptocurrency exchange Korbit is reportedly set to rebrand as Digital X following its acquisition by Mirae Asset Group. Park Hyeon-joo, founder and global strategy officer of Mirae Asset, announced the new name internally, describing Digital X as central to the group's 'Mirae Asset 3.0' strategy, which aims to merge digital assets with traditional finance.
Mirae Asset completed its acquisition of a 97% stake in Korbit on Thursday. The company plans to expand its services to include real-world asset (RWA) tokenization, security token offerings, and stablecoins. Park emphasized the importance of anti-money laundering controls, customer verification, information security, and fraud detection as South Korea develops its regulatory framework for crypto and tokenized securities.