Mirae Asset Targets $108B Digital Asset Business via Digital X Acquisition
Mirae Asset Group acquired crypto exchange Digital X and set a target to grow its digital asset business to between $108 billion and $109 billion by 2027. The South Korean financial conglomerate plans to build out stablecoins, real-world asset tokenization, and security token offerings around the exchange.
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Acquisition and Scale Target
Mirae Asset Group acquired Digital X, formerly known as Korbit, and announced plans to build its digital asset business to 150 trillion won—equivalent to approximately $108 to $109 billion—by 2027, according to statements from founder Park Hyeon-joo at an employee event. The group intends to establish Digital X as a central pillar of this expansion and turn the business profitable within the same timeframe.
Product Roadmap
Park outlined three core pillars for Digital X's growth: stablecoin issuance, real-world asset (RWA) tokenization, and security token offerings (STOs). The timeline and technical specifications for each product remain to be detailed. Mirae Asset's move positions it alongside other Asian financial institutions seeking exposure to crypto infrastructure rather than trading alone.
Strategic Context
The acquisition represents a significant commitment by a major South Korean financial group to regulated digital asset infrastructure. Digital X's status as an operating Korean exchange provides Mirae Asset with immediate market access and regulatory standing in one of Asia's key crypto hubs.
Why It Matters
For Traders
Digital X's ownership by a major conglomerate may increase its liquidity and operational stability, but the 2027 profitability target suggests years before major product rollouts affect trading conditions.
For Investors
A top-tier Asian financial group committing $108B+ in digital assets signals institutional conviction in crypto infrastructure, though the ambition level and execution timeline remain unproven.
For Builders
Mirae Asset's stated focus on RWA tokenization and STOs creates potential partnership opportunities for protocols addressing these segments, particularly those with Korean regulatory presence.
This article is for information only and is not financial advice. Read the full disclaimer.
