Korbit, South Korea’s oldest cryptocurrency exchange, is now called Digital X. This change follows its purchase by Mirae Asset Group, a major player in traditional finance, signaling the company’s biggest move so far into cryptocurrencies and related technologies.
Mirae Asset Group’s Park Hyeon-joo recently revealed a new brand called Digital X in an email to employees on July 23rd, as reported locally. Korbit has assured customers that recent changes in ownership won’t affect their ability to trade, deposit, or withdraw funds.
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More than a simple name change
As an analyst tracking this, I’ve observed that Korbit is undergoing a rebranding initiative following its acquisition by Mirae Asset. The deal unfolded in stages – initially, Mirae Asset Consulting took a 91.7% ownership stake back on July 22nd, and they’ve since finalized the purchase by acquiring the remaining 5.42%, giving them an impressive total of 97.15% control of the exchange.
This deal, worth about ₩133.5 billion (or $93 million), marks one of the first times a typical bank or financial company has bought a significant stake in a South Korean crypto exchange.
In his email, Park explained that Digital X is central to Mirae Asset’s future plans, which they’re calling “Mirae Asset 3.0.” He stated that Digital X will be the platform Mirae Asset uses to connect traditional investing with the world of digital assets. The company intends to grow by offering tokenized versions of real-world assets (RWAs), security token offerings (STOs), stablecoins, and other new digital investment options.
As an analyst, I understand Park’s explanation of ‘Digital X’ as representing the potential of what’s yet to come – specifically, the exciting possibilities that emerge when we combine various technologies and types of assets.
Compliance remains a priority
Mirae Asset stated that as it grows, maintaining high ethical and regulatory standards will continue to be a top priority.
As a researcher following Digital X closely, I understand that they’re committed to robust compliance measures. They plan to maintain very strong systems for preventing money laundering (AML), verifying customer identities (KYC), protecting data, and detecting fraud (FDS). Furthermore, the company aims to proactively adapt to evolving cryptocurrency regulations in South Korea, including updates to the Virtual Asset User Protection Act and the upcoming rules for security tokens. They really want to be prepared for whatever changes come next.
Mr. Park emphasized that Mirae Asset always puts its customers first. He explained that every decision should focus on helping clients build their wealth, and all products must meet high quality standards.
A bigger role in digital finance
Mirae Asset’s updated branding demonstrates they see Digital X as much bigger than simply a place to buy and sell cryptocurrency. They’re building the platform to be central to their future plans in digital finance – meaning they want to do more than just crypto trading.
As more financial companies explore blockchain technology, Digital X is poised to be a central hub connecting traditional finance with digital assets in South Korea.
2026-07-24 14:29