Digital X Sets Ambitious Target After Mirae Asset Takeover

Mirae Asset is targeting a 150 trillion won ($109 billion) digital-asset business built around Digital X, the crypto exchange formerly known as Korbit, according to The Korea Times. The plan puts a South Korean financial conglomerate directly behind a controlled crypto exchange’s expansion into stablecoins, tokenized real-world assets and security token offerings.

Digital X to anchor Mirae Asset’s $109B digital-asset plan

The 150 trillion won target spans four stated pillars: crypto, stablecoins, real-world assets and security token offerings, according to the report. Digital X is expected to serve as the operating hub for all four, rather than functioning as a standalone trading venue.

Part of the strategy involves tokenizing physical commodities, including gold, silver and electricity – a scope that pushes well beyond typical exchange operations into the kind of asset-tokenization infrastructure that market participants argue will need more than blockchains alone to scale. The buildout follows Mirae Asset Consulting’s acquisition of a 97.15% stake in Korbit in July for a cumulative 141.4 billion won, after which the exchange was rebranded as Digital X.

Whether that tokenization ambition converts into real trading volume is an open question. Other tokenized-asset markets have shown that issuance figures don’t automatically translate into revenue, and Mirae Asset has not disclosed a product timeline, licensing pathway or capital allocation across the four pillars.

Park Hyeon-joo positions Digital X as a core pillar

Park Hyeon-joo, Mirae Asset’s founder and chairman, outlined the plans at a Digital X employee event in Seoul on Wednesday. “Our initial goal is to make Digital X a core pillar of ‘Mirae Asset 3.0,'” he said, according to The Korea Times.

The remark frames Digital X as part of a broader corporate growth phase rather than a side venture, but the reporting does not detail what other business lines fall under the “Mirae Asset 3.0” label or how digital assets are weighted against the group’s traditional operations.

A small exchange with a much bigger ambition attached

Korbit was founded in 2013 and holds the distinction of being South Korea’s first cryptocurrency exchange. That history has not translated into market share: Korbit accounted for just 0.5% of South Korea’s cryptocurrency trading volume in 2025, according to the country’s Fair Trade Commission.

That figure matters as context for the $109 billion target. A 150 trillion won ambition is being layered onto an exchange that held a fraction of a percent of domestic trading activity as recently as last year, and the gap between stated ambition and current market position has not been addressed in the available reporting.

Ownership, rebranding and the regulatory boundary

The acquisition marks the first time an affiliate of a South Korean financial group has acquired control of a domestic crypto exchange, per the cited reporting. Mirae Asset Consulting’s 97.15% stake, secured for a cumulative 141.4 billion won, gave the group operational control before the Korbit-to-Digital X rebrand took effect.

What remains unaddressed in the current reporting is the regulatory framework governing the newly stated ambitions. Stablecoin issuance, security token offerings and RWA tokenization each carry distinct licensing and compliance requirements in South Korea, and neither the primary reporting nor Mirae Asset’s public remarks have detailed how Digital X’s stablecoin plans would fit alongside infrastructure approaches already being tested elsewhere in the market, including multi-network stable-token deployments. No compliance timeline, licensing status or third-party approval has been confirmed for any of the four pillars.

Digital X’s next operating step

The one concrete near-term move already underway is pricing, not product. Digital X began waiving trading fees across all won-denominated assets on Monday, with the zero-fee policy set to run through Aug. 24, 2027.

That’s a customer-acquisition tactic, not evidence of stablecoin issuance, tokenization launches or brokerage-channel integration – none of which have been confirmed with dates or dollar figures in the available reporting. Retail traders watching this story should treat the $109 billion figure as a stated target tied to a fee waiver and an acquisition, not as a roadmap with committed milestones.

Follow CoinNews on X and Telegram for ongoing coverage of institutional crypto and tokenization moves.