Asia’s Crypto Power Balance Shifts as Japan Emerges as Institutional Hub
Japan is quietly displacing Singapore and Hong Kong as Asia's most credible crypto market, with real trading volume, staking infrastructure, and institutional growth now concentrated in the once-overregulated nation. The shift was a central topic at Token2049, where executives noted Japan's rebuilt regulatory framework has reached "institutionally scalable" maturity.
"Japan had no regulation for a long time—that's where crypto basically happened," said Blockdaemon CEO Konstantin Richter. "After a period of stringent rules, they've created infrastructure that's ready to pop." Meanwhile, Singapore's early-mover advantage wanes as it retroactively tightens policies following an initial free-for-all approach.