Mirae's Korbit Rebrand Bets on Infrastructure, Not Market Share

Mirae plans to build an investment ecosystem in which real-world assets, security token offerings, stablecoins, traditional assets, and digital assets are seamlessly interconnected. The vision is to position Digital X as an infrastructure layer rather than just another exchange competing for trading volumes in the crowded South Korean crypto market.

The group also told CoinDesk it would strictly comply with AML, KYC, and fraud-detection standards across all areas. That signals Digital X is being positioned for institutional clients as much as for retail traders.

Mirae Asset Consulting, an affiliate, increased its stake in Korbit to 97.15% after receiving regulatory approval from South Korea’s Fair Trade Commission.

“The acquisition was carried out through lawful procedures following a thorough review of the relevant laws and regulatory framework. Mirae Asset Consulting was selected as the acquiring entity after comprehensive consideration of each affiliate’s business purpose and role, as well as its potential synergies with the digital asset business,” the firm said.

As of now, the company doesn’t have any plans to snap up remaining shares and wants to focus solely on strengthening Digital X’s competitiveness, it added.