Mirae Asset Group has renamed Korbit, the cryptocurrency exchange it recently acquired, to "Digital X," formally launching its transition toward "Mirae Asset 3.0," the group's mid- to long-term vision.
In a letter sent to employees on the 23rd, Mirae Asset Group Chairman Park Hyeon-joo said, "Korbit sets off anew today under the name Digital X," adding that "Digital X will become the most powerful core axis for realizing Mirae Asset 3.0."
"The 'X' we have defined signifies the unknown future, as well as the infinite possibilities that arise when different values intersect and converge," Park said. "Our mission is to combine these two worlds — traditional assets and digital assets, Mirae Asset's deep expertise and Korbit's overwhelming professionalism — to create a new investment paradigm that no one has ever ventured into."
Mirae Asset Group plans to build a new investment ecosystem that fuses traditional and digital assets based on Digital X. The focus is on transforming into a "super app" centered on a global, digital platform that allows trading through the convergence of traditional and digital assets.
"We will build a new investment ecosystem where the tokenization of real-world assets (RWA), security token offerings (STO), stablecoins, and traditional and digital assets organically coexist," Park explained.
He also emphasized the importance of compliance. "Please comply most perfectly with relevant laws and global standards across all areas, including anti-money laundering (AML), know your customer (KYC), information protection, and fraud detection systems (FDS)," he said. "In the process of advancing the Virtual Asset User Protection Act and reforming the STO system that we will face going forward, we must become the market's role model that implements regulatory authorities' guidelines in the most exemplary manner."
Park added, "By uniting the more than 30 years of global heritage that Mirae Asset has accumulated with the on-the-ground expertise that Korbit has fiercely honed, we will reinvent ourselves as an unrivaled organization that preemptively defines the next era of digital assets."
Earlier, the Fair Trade Commission (FTC) approved Mirae Asset Consulting's acquisition of Korbit on the 9th of this month. It marks the first case of a financial group affiliate acquiring a cryptocurrency exchange, with Korbit becoming a subsidiary of Mirae Asset Consulting, an affiliate of Mirae Asset Group. Mirae Asset Consulting secured a 91.7% stake in Korbit on the 22nd and plans to complete the transaction by acquiring the remaining 5.42% stake on the 24th. Mirae Asset Consulting's stake in Korbit stands at 97.15%.
