Mirae Asset is reportedly planning to accumulate approximately ₩210 billion (around $160 million) worth of XRP by 2029 as part of a broader strategy to expand its exposure to digital assets and blockchain-based financial infrastructure.
According to sources in the financial investment industry, the Korean asset management giant has been reviewing long-term investment strategies involving blockchain settlement assets and decentralized finance (DeFi) networks, with XRP identified as one of the key assets under consideration.
Market analysts say the move reflects a growing trend among traditional financial institutions to explore digital assets that are closely linked to global payment infrastructure and liquidity networks.
Industry observers also point to the recent introduction of the wXRP staking network, unveiled by Ripple through Binance, as a factor contributing to increased institutional interest. The network enables XRP to be converted into a wrapped form (wXRP) and deposited into a network structure designed to generate rewards based on deposited liquidity.
The emergence of the wXRP model has been viewed by some analysts as a potential step toward expanding the utility of XRP within decentralized finance ecosystems, an area traditionally dominated by assets tied to smart contract platforms.
A financial industry official familiar with the matter said institutional players are increasingly evaluating digital assets not only as speculative investments but also as components of future financial infrastructure.
“Large asset managers are beginning to look at blockchain networks as part of the next generation of financial systems,” the official said. “Assets linked to liquidity networks and payment infrastructure are receiving particular attention.”
The reported ₩210 billion accumulation plan is expected to be carried out gradually, taking into account market conditions and regulatory developments.
As institutional participation in digital assets continues to grow globally, analysts say strategies like Mirae Asset’s could signal a broader shift in how traditional financial institutions approach blockchain-based investment opportunities.