Mirae Asset Group is integrating the virtual asset exchange Korbit as a growth driver, ushering in the 'Mirae Asset 3.0' era. Korbit will change its name to 'Digital X' following the upcoming shareholders' meeting and other procedures.
Park Hyun-joo, Global Strategist of Mirae Asset Group, informed employees in a letter on July 23 that "the virtual asset exchange Korbit has become a part of Mirae Asset," adding, "Korbit is starting anew today under the name 'Digital X.'"
Park emphasized, "Our mission is to create a new investment paradigm by combining traditional assets and digital assets, leveraging Mirae Asset's expertise and Korbit's specialization. We are embarking on a joint journey to realize the significant trend of 'Mirae Asset 3.0.'"
He further stated, "Digital X will be the strongest core pillar in realizing Mirae Asset 3.0," and expressed intentions to establish a new investment ecosystem where real-world assets (RWA) are tokenized, security token offerings (STO) are implemented, stablecoins are utilized, and traditional and digital assets coexist organically.
Compliance was also a key focus. Park noted, "Compliance is our uncompromising absolute standard," urging adherence to all relevant laws and global standards in areas such as anti-money laundering (AML), know your customer (KYC), information protection, and fraud detection systems (FDS).
He concluded by stating that the company should serve as a role model in the market by exemplary implementing regulatory authorities' guidelines during the enhancement of the Virtual Asset User Protection Act and the refinement of the STO system.
To facilitate this, Mirae Asset Consulting, a non-financial subsidiary of Mirae Asset Group, will secure a total of 97.15% of Korbit's shares. Korbit announced that Mirae Asset Consulting will complete the acquisition of the remaining 5.42% of shares on July 24, following its acquisition of 91.7% of Korbit's shares on July 22.
Previously, Mirae Asset Consulting disclosed on July 21 that it would acquire an additional 1,589,859 shares of Korbit. As a result, the total number of shares held by Mirae Asset Consulting will increase from 26,905,842 to 28,495,701. The anticipated shareholding percentage will rise from 92.06% by an additional 5.09 percentage points.
* This article has been translated by AI.
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