South Korea’s Mirae Asset targets $109 billion digital asset business by 2027

Mirae Asset announces $109 billion digital asset expansion

South Korea’s Mirae Asset Financial Group has revealed plans to build a 150 trillion won ($109 billion) digital asset business. The project will be led by Digital X, a company formed after Mirae Asset acquired a 97% stake in the crypto exchange Korbit in July.

At an employee event in Seoul, Mirae Asset’s founder and chairman, Park Hyeon-joo, outlined the goal to make Digital X a core part of the company’s future growth. The group aims to turn the digital asset business profitable by 2027.

Key details of the plan

• Mirae Asset plans to invest up to 300 billion won ($218 million) in additional capital for the digital asset business.
• The group may raise 200 billion to 300 billion won through a third-party allotment in the first quarter of 2027.
• Digital X will focus on four areas: crypto, stablecoins (digital currencies pegged to traditional money), real-world assets, and security tokens (digital representations of investments like stocks).
• Plans include tokenizing assets such as gold, silver, and electricity.
• The company aims to build an "onchain finance" ecosystem, which means using blockchain technology to create financial products and services.

What Mirae Asset’s chairman said

Park Hyeon-joo stated that the initial goal is to grow the digital asset business to 150 trillion won by leveraging the group’s 1,500 trillion won in client assets. He described this as part of "Mirae Asset 3.0," the company’s vision for its next phase of growth.

Park also shared a longer-term vision: to create a global platform that combines traditional and digital assets, with Digital X at its center.

What is confirmed

• Mirae Asset Financial Group announced the $109 billion digital asset plan at an employee event on August 27, 2026.
• The company acquired a 97% stake in Korbit in July 2026 and renamed its operating company Digital X.
• Digital X will focus on crypto, stablecoins, real-world assets, and security tokens.
• Mirae Asset aims to make the digital asset business profitable by 2027.

What is still unclear

• The exact timeline for the 300 billion won capital raise depends on the pace of earnings improvement, which has not been specified.
• No details were provided on how the tokenization of assets like gold, silver, and electricity will be implemented.
• It is unclear which specific financial products and services will be developed using digital assets.

Why this matters for the crypto industry

Mirae Asset is one of South Korea’s largest financial groups, with significant client assets. Its entry into the digital asset space with a $109 billion target signals growing interest from traditional financial institutions in crypto and blockchain technology.

The focus on tokenizing real-world assets, such as gold and electricity, could also bring more traditional assets into the digital economy, making them easier to trade and manage on blockchain platforms.

Sources

• The Block
• The Korea Times