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Crypto

Mirae Asset acquires Korbit, rebrands it as Digital X

Mirae Asset is acquiring digital asset exchange Korbit and will change its name to Digital X. The group plans to combine Mirae Asset’s financial business experience with Korbit’s digital asset expertise to build an investment platform spanning real-world asset tokenisation, security token offerings and stablecoins. Chairman Park Hyun-joo said Digital X will be a key pillar for “Mirae Asset 3.0” and stressed compliance, internal controls and user protection.

Finance

Eight Percent acquires Apanda Partners to expand alternative investment platform

Online investment-linked finance company Eight Percent is acquiring token securities operator Apanda Partners to expand into the digital alternative investment market. Eight Percent said it made a strategic investment to become Apanda Partners\' largest shareholder. Key shareholders were reshuffled to include Eight Percent, Shinhan Investment Corp and EQBR. Apanda Partners plans to structure various asset-backed claims into digital products and will independently handle securities-related work after obtaining required approvals.

Crypto

Tiger Research to cooperate with Finloop on RWA research in South Korea and Hong Kong

Tiger Research, a Web3-focused research firm, said on July 7 it has signed a cooperation agreement with Hong Kong real-world asset (RWA) tokenisation fintech company Finloop. The two plan to publish joint RWA research, produce and distribute market education content, and develop feasibility assessments and execution plans for RWA asset issuance, tokenisation and distribution. They will also explore use cases and application models for RWA products.