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 has outlined plans to build a $109 billion digital asset business centered on Digital X, with a target to reach profitability by 2027. The initiative encompasses crypto, stablecoins, and tokenized securities, with an emphasis on real-world assets.
The effort represents a significant institutional commitment to the digital asset sector from a major South Korean financial group. The scope of the business and the specific path to achieving the 2027 profitability milestone have been disclosed in reports covering the strategy.
Details about the operational structure, capital allocation across different asset categories, and the precise mechanisms for reaching the profitability target remain unclear from available coverage. The timeline and feasibility of the $109 billion target also remain to be tested against market conditions and regulatory developments.