Overview
- Mirae Asset completed its acquisition of Korbit on Thursday, raising its ownership to 97.15% after securing approval from South Korea’s Fair Trade Commission.
- Korbit has been renamed Digital X and will operate under Mirae Asset’s governance with Park Hyeon‑joo directing compliance, investor protection and institutional infrastructure priorities.
- The company says current services and customer access will continue without disruption and that customer funds and virtual assets will remain segregated under the Virtual Asset User Protection Act.
- Mirae frames Digital X as an 'intelligent investment platform' that will develop tokenized real‑world assets, security token offerings and stablecoin products, though those offerings are at an early planning stage.
- The takeover is part of a wider trend of established Korean financial firms building regulated crypto capabilities and may change how traditional finance and digital‑asset products are packaged for retail and institutional clients.