Mirae Asset to expand Digital X into $109B crypto, stablecoins & tokenization

| cointelegraph.com
South Korea’s Mirae Asset plans a 150 trillion won (about $109 billion) digital-asset push using Digital X (formerly Korbit) as its operating hub. The exchange will target crypto trading, stablecoins, real-world assets (RWA), and security token offerings, including tokenizing gold, silver and electricity. The plan follows Mirae Asset Consulting’s July acquisition of a 97.15% stake in Korbit for a cumulative 141.4 billion won, after which Korbit was rebranded as Digital X. Mirae Asset is positioning the effort as “Mirae Asset 3.0,” despite Korbit’s limited footprint (about 0.5% market share in 2025, per South Korea’s Fair Trade Commission). For traders, Digital X has started waiving trading fees on all won-denominated assets through Aug. 24, 2027, which could lift KRW spot liquidity and order flow. Longer term, South Korea’s amended Electronic Securities Act and Capital Markets Act (effective Feb. 4, 2027) are designed to recognize blockchain-based distributed ledgers as securities registries, moving tokenized securities into the regulated capital-markets framework. In the U.S., the SEC continues to stress that tokenized securities remain subject to securities laws even if transfers are on-chain. Net effect: Digital X could become a key Korean tokenization venue, with near-term market impact likely concentrated in exchange liquidity and KRW activity rather than immediate repricing of a specific coin.
Neutral
Digital X’s fee waiver through Aug. 24, 2027 is likely to boost near-term KRW spot trading activity and improve visible liquidity, which can support volumes and short-term sentiment around the platform. However, the headline scale figure ($109B) is a multi-year strategy and the article does not indicate immediate listing-driven price moves for any specific coin. Longer-term, regulatory amendments in South Korea that recognize distributed ledgers as securities registries could make tokenized securities and related products more viable inside the regulated framework—an incremental positive for the tokenization ecosystem. But the SEC’s continued stance that tokenized securities remain subject to securities laws adds compliance friction for any U.S.-linked rollout. Because the direct price impact is not tied to a specific tradable cryptocurrency in the coverage, the most credible expectation is a neutral market effect: some uplift in exchange liquidity/flows, with broader tokenization benefits likely unfolding gradually.