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Crypto

Koscom, Hyundai Motor Securities cooperate on security token platform business

Koscom said on Tuesday it signed a memorandum of understanding with Hyundai Motor Securities on joint use of a security token platform and broader business cooperation. The agreement covers system links for Koscom’s shared platform, development of underlying assets and products, detailed issuance and account-management processes, joint tests reflecting legal and investor-protection requirements, and information exchanges to help expand the market. Hyundai Motor Securities’ participation lifts the number of partner brokerages to 13.

Crypto

Korbit under Mirae Asset offers 1-year zero fees, raising questions over exchange race

Korbit, now under Mirae Asset Group, has made trading fees free for one year on all assets in its won market, seeking to boost volume and liquidity. The move is unlikely to shake the dominance of Upbit and Bithumb but could affect Korbit’s competition with Coinone for third place. Market activity has weakened, with average daily turnover at major won exchanges down sharply from January. DigitalX also approved a roughly 50 billion won capital increase.

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.