Mirae Asset Group Chairman Park Hyeon-joo laid out a plan to build up 150 trillion won ($104 billion) in digital assets, or 10% of the group's 1,500 trillion won in client assets. Analysts read the move as an effort to speed up Mirae Asset 3.0, the group's medium- to long-term growth strategy, by merging traditional and digital assets.
Park outlined the plan at a dinner with employees of Digital X held on the 26th at the Four Seasons Hotel in Seoul's Jongno district. "Within Mirae Asset Group, digital assets will grow quickly," he said. For Digital X to turn a profit next year, Park stressed, the company must broaden its product lineup around four pillars — crypto, stablecoins, real-world assets and tokenized securities — and build an on-chain finance ecosystem, in which core financial functions are handled directly on a blockchain.
He also signaled a willingness to inject more capital in the first quarter if Digital X returns to profit next year. Mirae Asset carried out a third-party share placement worth about 50 billion won in Digital X this month. "If Digital X turns a profit, we will raise more capital next year," Park said. "We plan to offer it to strategic investors, at a level of 200 billion to 300 billion won." The comments point to a determination to develop the digital asset market as a new source of growth through continued capital increases. They also reflect a strategy to accelerate the group's shift into a comprehensive investment banking group by expanding beyond its core financial investment business into digital assets.
Park indicated that customers of Digital X, not only strategic investors, would be given a chance to invest in new shares. "I am thinking of taking a bold step to also give customers who trade with Digital X the right to take part in the capital increase when we do a third-party placement," he said, asking employees to review the idea.
