Mirae Asset Group has set an initial target of building its digital asset business to 150 trillion won ($108 billion) and turning it profitable in 2027, using newly acquired crypto exchange Digital X as a central part of its Mirae Asset 3.0 strategy.
Digital X Becomes the Core of Mirae Asset's Digital Asset Plan
Mirae Asset Group Chairman Park Hyeon-joo outlined the plan on Aug. 26 during an event for Digital X employees at the Four Seasons Hotel in Seoul. Park said Mirae Asset plans to build the digital asset unit around four main areas: cryptocurrencies, stablecoins, real-world assets, or RWAs, and security token offerings. The group also intends to digitize physical assets including gold, silver, and electricity as it develops products tied to blockchain-based finance.
The strategy gives Digital X a defined role less than two months after Mirae Asset completed its takeover of Korbit and renamed the South Korean cryptocurrency exchange. Mirae Asset Consulting completed the acquisition of a 97.15% stake. The transaction was described as the country's first acquisition of a crypto exchange by an affiliate of a traditional financial group. This move positions Mirae Asset alongside other Asian financial institutions expanding into digital assets, following South Korea's broader push to speed up its Digital Asset Framework Act.
Mirae Asset Plans RWA, Stablecoin and STO Products
Under the strategy, Digital X will work across crypto trading and products while Mirae Asset develops stablecoin, RWA and tokenized securities businesses using its existing financial operations and client base. Real-world asset projects could include the digitization of gold and silver as well as electricity. The group's tokenized securities plans are being developed as South Korea prepares a legal framework for blockchain-issued securities, with amendments to the Capital Markets Act taking effect on Feb. 4, 2027.
Infrastructure is also being prepared for the market. Samsung SDS won a contract to build a production-ready token securities platform for the Korea Securities Depository. Other financial groups have moved into the same area, with Shinhan Financial Group studying tokenized assets through the Canton Network. This institutional expansion mirrors similar blockchain initiatives in the U.S., including the BankChain Alliance targeting a 2027 U.S. blockchain launch.
Stablecoin Plans Develop Alongside New Crypto Rules
Stablecoins form another part of Park's four-part strategy, although South Korea has yet to finalize the rules that will govern domestic issuance. A policy report proposed introducing interim licensing guidance while lawmakers continue negotiations over the country's Digital Asset Basic Act. The proposed stablecoin licensing framework would cover issuance and circulation, exchange conduct, disclosure requirements, internal controls and operational resilience.
The Financial Services Commission said it planned to work with the ruling Democratic Party on consolidating 10 pending digital asset proposals into a government-backed bill. The Bank of Korea has separately argued that won-backed stablecoins should initially be issued through bank-led consortiums. No final legislative structure for stablecoin issuance has been adopted, leaving Mirae Asset's planned stablecoin products subject to rules still being negotiated by South Korean authorities.
