Korea’s Mirae Asset Financial Group has completed its acquisition of a 97.15% equity stake in the long-established crypto exchange Korbit, and plans to rename it to Digital X. Mirae Asset says that Digital X will no longer be limited to crypto trading, but will integrate RWA, security tokens, stablecoins, and traditional assets to build a one-stop digital asset investment platform for institutional and retail users. Korbit currently has less than a 1% share in the South Korean market. (CoinDesk)

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DiversifyBasket
· 1h ago
So since Korbit’s market share used to be that low, could it be a problem with brand awareness? By now putting the Digital X name directly on it, can a name change and a new disguise help it attract fans again?
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NftNightOwl
· 07-24 07:47
RWA, stablecoins, security tokens… they sound grand, but making them a reality requires solving a whole set of issues such as custody, settlement, and KYC—so don’t end up with yet another case where there’s a big thunderclap but little rain.
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RiskModeler
· 07-24 06:51
Acquiring 97% of the shares means it’s almost full ownership and control; in the future, the assets will either be driven by a fixation on Korbit’s technology or licenses, or by recognizing the scarcity of regulated exchanges in South Korea.
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BlueChipVendor
· 07-24 06:49
The Korean market has always been quite friendly toward crypto, and now traditional financial giants are also getting involved—will the regulators be more proactive in pushing tokenized assets? Looking forward to the subsequent policy developments.
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CheckBeforeSign
· 07-24 06:37
This move by Future Assets clearly aims to bring the compliance advantages of traditional finance into the crypto space. If RWA and security tokens can truly take off, institutional capital will likely rush in.
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LidoStacker
· 07-24 06:28
From less than 1% market share to being acquired by a giant—this shell-based transformation is quite interesting, but whether it can truly turn things around still depends on whether users buy into it.
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