Mirae Asset Securities of South Korea is considering spinning off its digital asset business into an independent company

According to a report by Jinse Finance, Mirae Asset Securities in South Korea is considering spinning off its digital asset business into an independent company. The company's internal digital asset solutions team (formerly known as the "Digital Asset TF") may operate independently, primarily responsible for tokenized securities (STO) and virtual asset-related businesses. The spin-off plan stems from the current Korean Capital Markets Act, which stipulates that financial investment companies are not allowed to engage in non-financial businesses, while virtual assets are governed by the Virtual Asset User Protection Act. It is noteworthy that the company has already completed the core technology layout in the field of token securities, including the independent development of blockchain, token issuance, and circulation mainnet, and is promoting integration with the mobile trading system (MTS). Mirae Asset Securities stated that they are currently in the preliminary review stage of business expansion and spin-off measures.