Crypto Treasury Firms Hit Regulatory Wall as Asian Exchanges Push Back

Digital asset managers face mounting resistance from traditional financial gatekeepers across Asia's major trading hubs.

The Compliance Clampdown

Stock exchanges from Tokyo to Singapore are tightening screws on companies holding cryptocurrency reserves—creating fresh headaches for treasury operations betting on digital assets.

Playing Defense

Multiple jurisdictions now require exhaustive disclosures about crypto holdings, with some exchanges threatening delisting for non-compliance. The regulatory scrutiny comes as institutions increasingly explore blockchain-based treasury management.

Institutional Growing Pains

While traditional finance slowly warms to digital assets, established players still treat crypto like the risky cousin at a family reunion—keeping it at arm's length while pretending to be open-minded.

Crypto treasury adoption gains momentum in Asia

Still, corporate interest in crypto reserves continues to grow. Over the past year, at least 134 companies across Asia have adopted some FORM of crypto treasury strategy, estimated to be holding around 58,000 BTC, per data from bitcointreasuries.net. 

Japan’s Metaplanet remains the region’s largest corporate bitcoin holder, with over 30,000 BTC valued at approximately $3.3 billion. Other companies following this trend include Top Win in Taiwan, Quantum Solutions in Japan, and K Wave Media in South Korea, all of which continue raising capital to expand their Bitcoin positions.

Several companies have seen their share prices more than double after revealing crypto holdings, highlighting strong investor appetite for digital assets.

Globally, public companies now hold more than 1.02 million BTC worth over $110 billion, underscoring Bitcoin’s growing role as a strategic reserve asset. But with tighter oversight and persistent volatility, Asia’s crypto treasury boom is now facing its biggest test yet.