Digital | Crypto

The South Korean financial group plans to build a $109 billion digital asset business spanning crypto, stablecoins and tokenized assets, according to The Korea Times. South Korean financial group Mirae Asset plans to build a 150 trillion won ($109 billion) digital asset business around Digital X, the crypto exchange formerly known as Korbit, according to The Korea Times. The report said Digital X will focus on crypto, stablecoins, real-world assets and security token offerings, with plans to tokenize physical assets including gold, silver and electricity. The expansion plans follow Mirae Asset Consulting’s acquisition of a 97.15% stake in Korbit in July for a cumulative 141.4 billion won. The exchange was subsequently rebranded as Digital X, marking the first time an affiliate of a South Korean financial group acquired control of a domestic crypto exchange. Read more

Park Hyeon-joo, Mirae Asset Financial Group’s founder, outlined his ambitious stablecoin, RWAs, and STOs plan for Digital X, formerly known as Korbit, in an event for his employees.

DAAQ disclosed no reason for the delay and no redemption tally showing what remains in trust. The post Digital asset SPAC delays crucial merger vote, leaving a deeply undercapitalized Old Glory Bank waiting on a $50M lifeline appeared first on CryptoSlate.

Mirae Asset reportedly plans to use the South Korean crypto exchange as a hub for tokenized assets, stablecoins and digital finance. 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. Read more

The $1.7 trillion asset manager did not disclose the amount paid for the acquisition of 250 Digital but revealed its plans for a new corporate division exclusively for crypto investments.

The new unit arrives amid rapid growth in tokenized assets, with Franklin Templeton's onchain product suite expanding from roughly $768 million to more than $2.5 billion over the past year. Global asset manager Franklin Templeton has completed its acquisition of crypto asset manager 250 Digital, closing a deal first announced in April and expanding its digital asset business with a new division focused on cryptocurrency investing. As part of the transaction, Franklin Templeton absorbed 250 Digital's investment team and cryptocurrency strategies into a newly created division called Franklin Crypto. The unit will be led by former 250 Digital executives Christopher Perkins and Seth Ginns alongside Franklin Templeton digital assets executive Tony Pecore. The acquisition follows CoinFund's decision earlier this year to spin out its liquid strategies business into 250 Digital as the crypto investment firm sharpened its focus on venture investing. Read more

Bitcoin’s growing correlation with tech stocks challenges its digital gold narrative, as Ether treasuries, BlackRock and Polymarket make bold moves. Bitcoin (BTC) was once pitched as digital gold — a hedge against monetary instability and market turmoil. But recent price action tells a different story. As institutional participation has grown, particularly through exchange-traded funds and other traditional vehicles, Bitcoin has increasingly traded in lockstep with risk assets. The latest downturn in software stocks, fueled by renewed uncertainty around AI’s impact on the sector, has been mirrored in crypto markets, raising fresh questions about Bitcoin’s evolving identity. That changing dynamic sets the tone for this week’s Crypto Biz. New research from Grayscale examines Bitcoin’s growing correlation with growth equities, while one Ether (ETH) treasury company is doubling down despite multibillion-dollar paper losses. Elsewhere, BlackRock is expanding its tokenization push through a Uniswap integration, and...

European Central Bank executive Piero Cipollone has argued that rising geopolitical tensions make a European-controlled payments system a strategic necessity. Rising geopolitical tensions are strengthening the case for a European-controlled digital payments system, according to European Central Bank (ECB) executive board member Piero Cipollone. In an interview with Spanish newspaper El País, shared by the ECB on Wednesday, Cipollone described the proposed digital euro as “public money in digital form,” arguing that it was needed to complement cash and address an increasingly fragmented payments landscape in Europe, especially as e-commerce grows.  He noted that cash accounted for around a quarter (24%) of day-to-day transaction value in 2024, down sharply from 2019 (40%), and said the ECB had a responsibility to adapt how it provided money as a public good. Read more

The Financial Stability Oversight Council's (FSOC) 2025 annual report dropped digital assets from its list of financial-system vulnerabilities, ending three years of high-alert posture that framed crypto as a budding contagion channel requiring new legislation and cautious bank supervision. The word “vulnerability” disappeared from the table of contents entirely. Digital assets moved into a neutral […] The post Digital assets have vanished from government “vulnerability” list, officially ending a three-year regulatory chokehold on US banks appeared first on CryptoSlate.

There’s an old phrase that “the road to hell is paved with good intentions.” In 2025, that road is digital, scanned, jammed with CCTV, and increasingly inescapable. From Beijing to Berlin to London, and beyond, governments are rolling out digital identities that promise convenience and security, but they come at the cost of something far […] The post No Digital ID, no food: coming soon to a Western society near you appeared first on CryptoSlate.

S&P Global announced plans to launch the S&P Digital Markets 50 Index, a benchmark that combines 15 crypto with 35 publicly traded crypto-linked equities, and a potential inclusion of XRP might reshape its structure. S&P Dow Jones Indices developed the index in collaboration with Dinari, which will issue a token tracking the benchmark on its […] The post From index to inflows: how S&P’s ‘Digital 50’ could reshape XRP access appeared first on CryptoSlate.

The UK government under Prime Minister Keir Starmer has announced plans to introduce a mandatory digital ID system for all citizens and residents seeking employment. Addressing the audience at the Global Progress Action Summit, Starmer announced: “You will not be able to work in the United Kingdom if you do not have a digital ID. […] The post From red tape to red flags, Britain’s compulsory Digital ID appeared first on CryptoSlate.

Digital asset treasuries have come under renewed pressure after a sharp drop in their market net asset values, or mNAVs, raising doubts about their ability to sustain continued crypto purchases, according to Geoffrey Kendrick, head of digital assets research at Standard Chartered. Listed companies that hold digital assets on their balance sheets, known as digital […] The post Digital treasuries under pressure but Ethereum stands strong – StanChart appeared first on CryptoSlate.

CBDC-themed fraud is on the rise in Russia, the country’s Central Bank has warned, as Moscow prepares to start paying digital ruble pension benefits. The post CBDC Fraud Cases on Rise in Russia as Moscow Prepares to Pay Pensions in Digital RUB appeared first on Cryptonews.