APAC's Biggest Stock Exchanges Push Back Against Digital Asset Treasury Strategies: Bloomberg

Why It Matters

The clampdown could curb the recent wave of public companies adopting BTC-heavy reserve strategies, forcing issuers to reconsider treasury composition and potentially fragment listings across friendlier jurisdictions.

Summary

Major Asia-Pacific stock exchanges are increasingly pushing back on corporate digital-asset treasury (DAT) strategies, with Hong Kong Exchanges & Clearing reportedly challenging at least five firms planning to amass large crypto holdings. Regulators and exchanges from India to Australia have blocked or restricted proposals—India’s BSE rejected Jetking Infotrain’s crypto investment plan and the ASX bars firms from holding 50% or more of their balance sheet in cash-like assets—prompting some companies to seek listings elsewhere. The clampdown could curb the recent wave of public companies adopting BTC-heavy reserve strategies, forcing issuers to reconsider treasury composition and potentially fragment listings across friendlier jurisdictions.