Catenaa, Wednesday, September 02, 2026- South Korea’s Mirae Asset Financial Group plans to build a 150 trillion won, or about $109 billion, digital asset business centered on Digital X, according to The Korea Times.
Founder and Chairman Park Hyeon-joo outlined the target at an employee event in Seoul on Wednesday, describing Digital X as a future core business within the financial group.
Mirae Asset is also considering an additional capital injection of as much as 300 billion won, or about $218 million.
The group may pursue a third-party share allotment worth between 200 billion won and 300 billion won during the first quarter of 2027, depending on earnings performance.
Park said Mirae aims to make the digital asset business profitable by 2027.
Digital X emerged from Mirae Asset Consulting’s acquisition of a 97% stake in South Korean cryptocurrency exchange Korbit in July.
After the transaction, Korbit’s operating company was renamed Digital X.
The company is expected to focus on four main areas: cryptocurrency, stablecoins, real-world assets and security token offerings.
The Korea Times reported that Digital X also plans to tokenize physical and financial assets including gold, silver and electricity.
That would place the company within the rapidly expanding real-world asset sector, where traditional investments are represented and transferred through blockchain-based systems.
Digital X also plans to develop financial products using digital assets and make proprietary investments.
The longer-term aim is to create what Mirae describes as an onchain finance ecosystem.
Mirae’s strategy reflects a broader shift among large financial institutions.
Banks, asset managers and securities companies are increasingly exploring ways to move conventional financial products onto blockchain infrastructure rather than treating crypto as a separate market.
Tokenization allows traditional assets to be represented digitally, potentially improving settlement, transferability and access.
Stablecoins provide another bridge between conventional finance and blockchain systems.
Security tokens can represent regulated financial claims such as shares, bonds or fund interests while using blockchain for issuance and settlement.
Mirae’s plan brings those areas under a single business.
The scale of the target makes the strategy notable.
A 150 trillion won digital asset business would place Digital X far beyond the role of a conventional cryptocurrency exchange.
The Korbit acquisition gave Mirae an existing regulated digital asset platform rather than forcing the group to build one from the ground up.
Korbit is one of South Korea’s established cryptocurrency exchanges.
Its infrastructure, customer base and regulatory experience could provide the foundation for Digital X’s expansion into tokenized assets and other blockchain-based financial services.
Renaming the operating company also signals that Mirae does not intend to limit the business to exchange trading.
Instead, Digital X is being positioned as the group’s broader digital finance platform.
Tokenized assets are becoming an increasingly important part of global financial markets.
Recent industry data has shown rapid growth in tokenized Treasury securities, money market funds and private credit.
Financial institutions in Asia have also begun experimenting with tokenized deposits, bonds and investment funds.
Mirae’s focus on gold, silver and electricity suggests the group wants to extend tokenization beyond purely financial securities.
Commodity-linked tokens could allow investors to gain exposure to physical assets through blockchain-based instruments.
Electricity tokenization could also support new settlement models for energy trading, although the exact structure of Mirae’s proposed products has not yet been disclosed.
Stablecoins are another central part of Digital X’s strategy.
South Korean financial institutions have shown growing interest in won-denominated digital payment and settlement systems.
Regulatory developments could determine how quickly private companies can expand in that area.
Stablecoins could support payments, trading settlement and tokenized asset markets by providing blockchain-native cash equivalents.
For a group such as Mirae, the attraction lies in connecting asset management, securities, payments and digital trading within a common infrastructure.
That could reduce the divide between traditional financial products and crypto-native markets.
Mirae’s willingness to consider up to $218 million in additional capital suggests the group expects significant investment to be required.
Building a digital asset business at the proposed scale would require technology, regulatory compliance, custody systems, product development and institutional distribution.
The planned capital increase is not yet final.
The Korea Times reported that timing and size could depend on the pace of earnings improvement.
Mirae’s goal of profitability by 2027 also places pressure on Digital X to expand beyond experimental projects.
The company will need commercially viable products and meaningful transaction activity if it is to become a major contributor to the group.
Park said Mirae plans to use the group’s approximately 1,500 trillion won in client assets as a foundation for growth.
That existing customer base could give Digital X an advantage over standalone crypto firms.
Traditional asset managers already have relationships with institutions and wealthy clients who may be interested in tokenized investments but reluctant to use crypto-native platforms.
Mirae could potentially offer those customers digital products through a financial brand they already know.
That distribution advantage may become increasingly important as competition grows between conventional financial institutions and blockchain companies.
Park described Digital X as a central pillar of what he called “Mirae Asset 3.0.”
The longer-term objective is to create a global platform combining traditional and digital assets.
That suggests the group sees blockchain not as a separate business line but as part of the next generation of its broader financial infrastructure.
The model could eventually allow customers to hold conventional securities, tokenized assets, stablecoins and cryptocurrencies within connected systems.
Such integration would mark a departure from the current market, where investors often use separate platforms for traditional finance and digital assets.
Mirae’s plan also reflects South Korea’s changing digital asset market.
The country has one of the world’s most active retail crypto sectors, but larger financial institutions have historically faced restrictions on direct participation.
Regulatory reforms around security tokens, stablecoins and institutional digital assets are opening new opportunities.
That is encouraging traditional financial groups to prepare for a market where blockchain-based products become more closely integrated with mainstream finance.
Mirae is positioning itself early.
Its acquisition of Korbit provides the infrastructure.
Digital X provides the new corporate identity.
The 150 trillion won target provides the scale of the ambition.
The next test will be whether the group can turn that strategy into profitable products by 2027.
If it succeeds, Mirae could become one of the clearest examples of a traditional Asian financial group moving from crypto exposure into a fully integrated onchain finance model.
