According to ME News, on August 27 (UTC+8), Mirae Asset plans to establish a digital assets business with a scale of 150 trillion Korean won (approximately $109 billion), led by Digital X (formerly Korbit). The group aims to expand into cryptocurrencies, stablecoins, real-world assets (RWA), and security tokens. The group targets profitability for its digital assets business by 2027 and is considering additional funding of up to 300 billion Korean won ($217 million) to scale operations. The company plans to develop financial products and services using digital assets and make strategic investments to strengthen its market position. (Source: Foresight News)
South Korea's Mirae Asset to Launch a $10.9 Billion Digital Asset Business by 2027
KuCoinFlashShare
Summary
Mirae Asset is set to launch a $10.9 billion digital asset business by 2027, led by its subsidiary Digital X. The initiative will encompass cryptocurrencies, stablecoins, real-world assets, and security tokens. The firm may invest up to $217 million to scale operations and aims to achieve profitability by 2027. Digital collectibles are also expected to be part of the broader strategy.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.