Mirae Asset buys Digital X to scale up its crypto business
What's the deal? Mirae AssetDealroom has a profile for this one. Try Dealroom → has acquired Digital XDealroom has a profile for this one. Try Dealroom → and tied the deal to expanding its crypto business, positioning the Korean asset manager to deepen its footprint in digital assets. Deal size, timing, and specific product plans have not been disclosed.
What's the endgame? Mirae AssetDealroom has a profile for this one. Try Dealroom →, a long-established financial institution, is treating crypto as a growth area worth scaling through acquisitions rather than building in-house. The move fits a pattern of the firm using deals to enter or grow within a target sector.
Why now? For a traditional finance firm, in-house digital-asset capability matters more as client demand shifts and rivals build exchange and custody exposure. Mirae Asset has already signalled appetite here through a separate agreement to buy a majority stake in Korean exchange Korbit — a deal that put Korean rules in focus.
What to watch: The expansion language points to a phase where execution matters more than the transaction headline. Integration steps, new digital-asset offerings, and any further market or partnership moves remain unconfirmed.
The signal: Mirae Asset joins a wave of established finance and payments players extending into crypto, from Coinbase's push into Bitcoin-backed mortgages to MoonPay enabling AI agents to handle crypto lending on Solana. The trend is clear: legacy institutions are buying, rather than building, their way into digital assets.
Read more: tokentopnews.com
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