TechFlow news, May 29 — According to Korea Herald Economy, Mirae Asset Securities is considering spinning off its digital asset business into a separate company. The firm's internal Digital Asset Solutions Team (formerly "Digital Asset TF") may operate independently, primarily handling security token offerings (STO) and virtual asset-related operations.
The proposed spin-off stems from South Korea’s current Capital Markets Act, which prohibits financial investment firms from engaging in non-financial businesses, while virtual assets fall under the Virtual Asset User Protection Act. Notably, the company has already established core technological infrastructure in the security token space, including developing its own blockchain, token issuance and mainnet for circulation, and advancing integration with mobile trading systems (MTS).
Mirae Asset Securities stated that it is currently in the preliminary review stage regarding business expansion and potential spin-off measures.
