Mirae Asset is acquiring digital asset exchange Korbit and will change its name to Digital X. It plans to combine Mirae Asset’s experience in financial business and Korbit’s digital asset expertise to build an investment platform spanning real-world asset (RWA) tokenisation, security token offerings (STO) and stablecoins.

Mirae Asset Chairman Park Hyun-joo (박현주) said in a message sent on July 23 to employees of Mirae Asset and Korbit that Korbit has become part of Mirae Asset and is making a fresh start under the name Digital X.

Park said the “X” in Digital X carries the meaning of an unknown future and the possibilities that arise when different values intersect and converge.

The plan is to combine Mirae Asset’s global financial business experience with Korbit’s expertise in digital asset technology and operations to create a new investment environment where traditional assets and digital assets coexist.

Park said Digital X will become a key pillar for implementing Mirae Asset 3.0 and is a standard that presents the direction ahead beyond a simple rebranding.

He pointed to RWA tokenisation, STOs and stablecoins as future business areas. The policy is to build an ecosystem that connects traditional financial products and digital assets and allows investors to access a range of assets.

Digital X also plans to go beyond existing digital asset trading functions and strengthen investor education and information provision. It aims to expand its business area into an “intelligent investment platform” that provides knowledge, market information and investment analysis together.

It also stressed internal controls and user protection as key tasks.

Park called for compliance with domestic laws and global standards on anti-money laundering (AML), know-your-customer (KYC), information security and a fraud detection system (FDS).

It also set out a policy to proactively implement financial authorities’ guidelines in the process of advancing the Act on the Protection of Virtual Asset Users and overhauling the STO system.

He stressed that products without value should not be brought to market even if they carry the Mirae Asset name, and that growth and innovation must be based on unwavering trust.

He also said he will prioritize protecting customer assets and market trust to pioneer new areas in the investment market, and will flesh out the vision of Mirae Asset 3.0 through Digital X and lead the sound growth of the domestic and international digital asset industry.