Catenaa, Friday, February 20, 2026-South Korea’s Mirae Asset Financial Group is purchasing a controlling 92% stake in cryptocurrency exchange Korbit, reports said.
Mirae is paying roughly 133.5 billion won ($92.3 million) for 26.9 million shares, primarily from NXC and SK Group subsidiaries.
Regulatory approval is required before the acquisition is finalized.
The deal aligns with Mirae Asset’s “3.0” strategy to integrate digital assets into traditional finance, with the company aiming to leverage Korbit for future growth in tokenized securities.
Korbit, the nation’s fourth-largest crypto exchange, processed about $95 million in trading over the past 24 hours, compared with $1.8 billion on dominant player Upbit.
Mirae Asset’s consulting arm will become the majority shareholder, establishing control over Korbit. The financial giant reported surpassing 1,000 trillion won ($721 billion) in assets under management as of September 2025.
The acquisition highlights ongoing consolidation between conventional finance and crypto platforms in South Korea, following moves such as Naver’s financial arm acquiring Dunamu, Upbit’s parent company, through a stock-swap merger last year.
Potential challenges may arise under the upcoming Digital Asset Basic Act, which could impose strict ownership caps on major crypto exchange shareholders, possibly forcing Mirae Asset to reduce its newly acquired stake.
Analysts note the move positions the group to capture opportunities in South Korea’s emerging tokenized securities market while navigating evolving regulatory requirements.
