Mirae Asset’s Park Hyeon-joo Takes the ‘X’ Strategy From ETFs to Crypto

• Mirae Asset Group is expanding its 'X' strategy from ETFs to digital assets by acquiring and rebranding crypto exchange Korbit as 'Digital X'.
• The goal is to create a platform linking traditional finance with digital assets, including tokenized RWAs, security tokens, and stablecoins, leveraging Mirae Asset's expertise and Korbit's capabilities.
• The initiative emphasizes compliance and aims to become a market role model, though its scope may be influenced by evolving crypto regulations.

Topics: Institutional adoption, Integration with defi, Asset types, Asset manager initiatives, Rwa collateral lending, Financial instruments, Stablecoins digital cash

Tags: #miraeasset #globalx #korbit #digitalx #tokenizedrealworldassets #securitytokens #stablecoins #etfs #blockchain #compliance

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Mirae Asset Acquires Majority Stake in Korbit for Approximately $102 Million

Mirae Asset Consulting has gained majority control of the South Korean cryptocurrency exchange Korbi

• Mirae Asset Consulting has acquired a majority stake (97.15%) in the South Korean cryptocurrency exchange Korbit for approximately $95-$102 million, with Korbit to be rebranded as Digital X.
• The acquisition is part of Mirae Asset's strategy to integrate tokenization of real-world assets, security tokens, stablecoins, and traditional assets onto a single platform.
• Digital X aims to function as an infrastructure platform, leveraging Mirae Asset's financial expertise and Korbit's digital asset operations, rather than focusing solely on trading volume.

Topics: Institutional adoption, Blockchain usage, Integration with defi, Asset manager initiatives, Ethereum evm l 1 s, Rwa collateral lending

Tags: #miraeasset #korbit #digitalx #cryptocurrencyexchange #tokenization #realworldassets #securitytokens #stablecoins #southkorea

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