South Korean financial conglomerate Mirae Asset has unveiled plans to establish a 150 trillion won ($109 billion) digital asset business centered on Digital X, the cryptocurrency exchange formerly known as Korbit.
The initiative will focus on cryptocurrencies, stablecoins, real-world asset tokenization and security token offerings, with Digital X targeting the tokenization of physical assets such as gold, silver and electricity. The expansion follows Mirae Asset Consulting’s acquisition of a 97.15% stake in Korbit in July for 141.4 billion won, after which the exchange was rebranded as Digital X. This marks the first instance of a South Korean financial group affiliate gaining control of a domestic crypto exchange.
Digital X, founded in 2013 as South Korea’s first cryptocurrency exchange, held just 0.5% of the country’s crypto trading market in 2025, according to data from the Fair Trade Commission. Mirae Asset founder and chairman Park Hyeon-joo outlined the plans during a Digital X employee event in Seoul, stating that the exchange would serve as a core pillar of the group’s ‘Mirae Asset 3.0’ strategy.
As part of the push, Digital X began waiving trading fees on all won-denominated assets on Monday, with the zero-fee policy scheduled to remain in place through August 24, 2027.
