According to CoinDesk, South Korean financial giant Mirae Asset has completed the acquisition of 97.15% of the equity in Korbit, South Korea’s oldest cryptocurrency exchange, and plans to rename it Digital X. Mirae Asset stated that this move is not intended to compete for market share with leading exchanges such as Upbit and Bithumb, but rather to position Digital X as an integrated "smart investment platform" encompassing real-world assets (RWA), security tokens (STO), stablecoins, and traditional assets, while strictly adhering to AML, KYC, and anti-fraud standards, serving both institutional and retail clients.
Mirae Asset Acquires Korbit and Plans to Rebrand as Digital X
TechFlowShare
Summary
Mirae Asset has acquired 97.15% of Korbit, South Korea’s first cryptocurrency exchange, and will rebrand it as Digital X. The company aims to build a smart investment platform encompassing digital asset news, real-world asset (RWA) news, security tokens, stablecoins, and traditional assets. The platform will comply with AML, KYC, and anti-fraud regulations for both retail and institutional users. This initiative prioritizes integration over market share.
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