Change the corporate name of Covit Co., Ltd.
Maintains apps, accounts, and transaction details
ST·RWA, etc. Towards a comprehensive platform
사진 확대
Covit, Korea’s first virtual asset exchange in the arms of Mirae Asset Group, changed its corporate name to “Digital X” and officially announced a new start.
On the 11th, Covit announced in a notice that “Corbit Co., Ltd., the operator of the virtual asset exchange “Corbit,” has changed its corporate name to “Digital X Co., Ltd.”
Covit explained, “As only the name of the operating corporation is changed, the ‘Corbit’ service used by members will remain the same as before.” The brand name of the exchange is used as it is, but only the name of the operating company is changed to Digital X.
There are no user inconveniences or changes due to the change in the corporate name. Apps and website addresses, member account information, assets held, and transaction details remain the same as before. However, the corporate name in all documents, including the terms and conditions of use, will be changed to ‘Digital X Co., Ltd.’
The company also urged the company to pay attention to impersonation crimes that abused the corporate name change. An official from Covit asked for special attention to phishing crimes, saying, “We never require members’ passwords, OTP authentication numbers, or asset transmission because of the change in corporate name.”
Mirae Asset Builds Outposts for ‘Digital Finance’
The corporate name change is a follow-up procedure for rebranding following the completion of Mirae Asset Group’s acquisition of Covit. Mirae Asset Consulting, a non-financial affiliate of Mirae Asset Group, earlier secured a 91.7 percent stake in Covit first and then acquired an additional 5.42% to acquire a total 97.15% stake. The Fair Trade Commission has also approved the business combination.
Park Hyun-joo, global strategist at Mirae Asset Group, said in a letter to executives and employees shortly after the acquisition of the stake was completed, “Corbit will start anew under the name of Digital X, and Digital X will be the strongest core axis to implement Mirae Asset 3.0.”
“X” means an unknown future and infinite possibilities that arise when different values converge, GSO Park said. “Our mission is to create a new investment paradigm by combining traditional assets and digital assets, Mirae Asset’s know-how and Covit’s expertise.”
The newly launched Digital X is expected to be reborn as a comprehensive investment platform that encompasses the entire digital finance, including real asset tokenization (RWA), token securities (ST), and stablecoins, beyond simple exchanges in the future.