South Korea’s Korbit to rebrand as Digital X under Mirae: Report

South Korean crypto exchange Korbit will reportedly rebrand as Digital X after becoming part of Mirae Asset Group. Mirae Asset founder and global strategy officer Park Hyeon-joo announced the new name in an internal email to employees on Thursday, according to a Herald Business report. Park reportedly described Digital X as central to the group’s “Mirae Asset 3.0” strategy, which aims to combine digital assets with traditional finance. The company plans to expand into real-world asset (RWA) tokenization, security token offerings, stablecoins and traditional asset products. Park said the exchange would prioritize anti-money laundering controls, customer verification, information security and fraud detection as South Korea develops its crypto and tokenized securities rules.Mirae completed its acquisition of a 97% stake in Korbit on Thursday. Korbit said that its existing services would continue without changes following the acquisition. Related: South Korea crypto volumes shrink as retail investors shift to stocksCointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accu...