Article Summary

**Major Asian Markets Block Crypto Treasury Model Companies from Stock Exchanges** In a significant development for the cryptocurrency market, major Asian stock exchanges in India, Hong Kong, and Australia are blocking listings of companies that adopt the Digital Asset Treasury (DAT) model, according to Bloomberg reports on October 22, 2025. This regulatory crackdown targets firms that hold substantial Bitcoin and cryptocurrency reserves as part of their corporate treasury strategy. The DAT model, popularized by companies like MicroStrategy, involves corporations allocating significant portions of their cash reserves to Bitcoin and other digital assets. This latest regulatory resistance from three major Asian financial hubs could signal broader institutional concerns about cryptocurrency exposure in traditional equity markets. The blocking of these crypto-focused listings may impact the growing trend of corporate Bitcoin adoption and could influence global cryptocurrency market sentiment. Investors and blockchain companies looking to go public in these jurisdictions may need to reconsider their digital asset strategies or explore alternative listing venues. This development highlights the ongoing regulatory uncertainty surrounding cryptocurrency integration in traditional financial markets across Asia-Pacific regions.