Mirae Asset sets $109 bil. target for digital asset business - The Korea Times
Mirae Asset Financial Group plans to build a 150 trillion won ($109 billion) digital asset business around Digital X, formerly known as Korbit, as it seeks to make crypto and blockchain-based finance a new growth engine, its founder said Thursday.
Park Hyeon-joo, the group’s founder and chairman, outlined the ambition at an event for Digital X employees in Seoul on Wednesday, titled “A New Voyage Begins, Together.”
Mirae Asset Consulting, a nonfinancial affiliate of the group, acquired a 97.15 percent stake in Korbit in July and subsequently renamed the cryptocurrency exchange Digital X.
The group aims to turn the digital asset business profitable by 2027 and is considering injecting up to 300 billion won in additional capital to expand its operations.
“Our initial goal is to make Digital X a core pillar of ‘Mirae Asset 3.0’ and grow the digital asset business to 150 trillion won by leveraging the group’s 1,500 trillion won in client assets,” Park said.
He indicated that the group could provide further capital as the business scales. Mirae Asset may pursue a 200 billion to 300 billion won third-party allotment in the first quarter of next year, depending on the pace of earnings improvement.
Digital X will focus on four areas: crypto, stablecoins, real-world assets and security token offerings. It is also set to tokenize physical assets including gold, silver and electricity, while building an “on-chain finance” ecosystem around blockchain technology.
The company plans to develop financial products and services using digital assets and make proprietary investments to strengthen its position in the market.
The longer-term goal is to build a global platform that brings traditional and digital assets under one roof, with Digital X at its center, Park said.
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Mirae Asset Securities USA joins DTCC tokenization working group - The Korea Herald
The US subsidiary of Mirae Asset Securities said Friday it would participate in the Tokenization Working Group hosted by the Depository Trust & Clearing Corp., the largest financial market infrastructure company in the US.
The DTCC oversees key settlements and depositing infrastructure in the US capital market, leading discussions on stock market infrastructure development based on tokenization and standardization with global financial firms.
Global names in finance and digital assets are participating in the working group, including JPMorgan Chase, Goldman Sachs, Morgan Stanley, BlackRock, Citigroup, UBS, and New York Stock Exchange.
Mirae Asset Securities USA is the only Korea-based subsidiary to participate in the working group.
Leveraging its track record within the DTCC clearing infrastructure, sustained participation in tokenization and digital asset sectors, and close partnership with the DTCC, the company proved its credibility and market position during the selection process.
Mirae Asset Securities USA is set to discuss key issues with the working group, spanning operational systems for tokenized securities based on real assets, investor protection framework, and settlement and custody infrastructure.
Moreover, with practical expertise across the entire process of trading, clearing, and post-trade, the company will deliver insight on key market factors such as liquidity management and collateral mobility.
“Being a member of the working group, we will address the rapid tokenization of the global financial market and prepare for structural changes in the market,” an official from Mirae Asset Securities said.
“Looking ahead, we will strengthen our response to the shifting financial market, in line with the global, digital, and platform-centered ‘Mirae Asset 3.0’ strategy.”
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Mirae Asset tops $1 trillion in client assets - The Korea Herald
Mirae Asset Financial Group said Wednesday that client assets under management had surpassed $1 trillion as of the end of May, reaching approximately $757.1 billion in domestic assets and $259 billion overseas.
By affiliate, Mirae Asset Securities accounted for about $531.3 billion in client assets, while Mirae Asset Global Investments managed roughly $451.6 billion. Mirae Asset Life Insurance and other affiliates held around $33.2 billion as of the end of April.
The milestone caps several years of rapid growth. Client assets rose from $442.6 billion at the end of 2022 to $516.6 billion in 2023, $601.7 billion in 2024 and $769.5 billion in 2025. The increase recorded in the first five months of this year has already exceeded the gain achieved during all of last year, underscoring the group's accelerating growth trajectory.
Mirae Asset's equity capital had reached $17.5 billion as of the end of March, up 2,630-fold from $6.6 million in initial capital when the company was founded in 1997.
The group attributed the growth to its early focus on investment products such as exchange-traded funds, retirement pension products and global asset allocation strategies, as well as its aggressive expansion into overseas markets.
Reflecting that strategy, Mirae Asset Global Investments has grown into the world's 11th-largest ETF manager, overseeing $284.2 billion in ETF assets globally. Its US subsidiary Global X and Korea's Tiger ETF platform have each surpassed $100 billion in assets under management.
Mirae Asset Securities recently became the first Korean brokerage to post quarterly net profit exceeding 1 trillion won ($660 million). Its pension assets have also climbed above $49.1 billion, maintaining its position as the industry's largest pension operator.
"Guided by our 'Client First' principle, we will continue to provide differentiated investment opportunities by leveraging the industry's largest global network," a company official said.
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