South Korean Crypto Exchange Korbit to Rebrand as Digital X Under Mirae Asset Group
Quick Look
- South Korean crypto exchange Korbit will rebrand as Digital X after its acquisition by Mirae Asset Group.
- Mirae founder Park Hyeon-joo announced the name, central to the group's "3.0" strategy to combine digital and traditional finance, with plans for RWA tokenization, security tokens, and stablecoins.
AI-generated summary
Why It Matters
Mirae Asset Group completed its acquisition of a 97% stake in Korbit, leading to the exchange's rebranding as Digital X.
South Korean crypto exchange Korbit will reportedly rebrand as Digital X after becoming part of Mirae Asset Group.
Mirae Asset founder and global strategy officer Park Hyeon-joo announced the new name in an internal email to employees on Thursday, according to a Herald Business report. Park reportedly described Digital X as central to the group’s “Mirae Asset 3.0” strategy, which aims to combine digital assets with traditional finance.
The company plans to expand into real-world asset (RWA) tokenization, security token offerings, stablecoins and traditional asset products. Park said the exchange would prioritize anti-money laundering controls, customer verification, information security and fraud detection as South Korea develops its crypto and tokenized securities rules.
Mirae completed its acquisition of a 97% stake in Korbit on Thursday. Korbit said that its existing services would continue without changes following the acquisition.
What to Watch
AI outlook — possibilities, not facts
Digital X will expand into real-world asset tokenization, security token offerings, and stablecoins.
Very likely · Within months
Open Questions
- What specific new products will Digital X launch first?
- What is the timeline for South Korea's crypto and tokenized securities rules?
- How will the rebranding impact Korbit's existing user base?
