South Korea's Mirae Asset plans a $109 billion digital asset business via Digital X, targeting profitability by 2027.
Macro & Markets ·
South Korea's Mirae Asset is mapping out a digital asset business centered on Digital X with a targeted valuation of $109 billion, according to reporting on the initiative. The company has set 2027 as the target year to achieve profitability within this new division.
The move represents a significant strategic pivot toward crypto and digital assets for the South Korean financial firm. By anchoring the effort around Digital X, Mirae Asset is positioning itself to capture growth in the sector while establishing clear financial milestones.
What remains unclear is the detailed breakdown of how Mirae Asset plans to reach the $109 billion valuation, the specific services or products Digital X will offer, and what regulatory or capital commitments are already in place to support the 2027 profitability target.