Fireblocks executive discusses APAC digital asset growth challenges

Summary

In a recent discussion, industry experts, including Michael Levine from Fireblocks and Peter Brewin from PwC, highlighted that most digital asset firms in the APAC region prioritized user growth and transaction corridors, often neglecting essential reconciliation and audit processes. This oversight presents not only compliance challenges but also growth barriers as regulatory authorities in parts of APAC are tightening requirements for frequent reconciliations and independent audits to mitigate operational risks in cryptocurrency platforms.

Analysis

PwC: PwC delivers professional services including audit, tax, and advisory for digital assets through its global team of specialists across multiple regions. Peter Brewin leads its digital assets efforts in APAC from Hong Kong, supporting clients on regulatory navigation and emerging standards. In the news, Brewin joins the panel to examine why reconciliation and audit trails lag behind scaling in APAC digital asset operations, framing it as both a compliance and growth challenge. Fireblocks: Fireblocks provides enterprise infrastructure for digital asset custody, transfers, and connectivity, serving institutions with secure multi-chain operations. Its APAC-focused initiatives emphasize building scalable platforms that integrate compliance tools alongside growth in tokenized assets and stablecoin use cases. In the news, Fireblocks executive Michael Levine participates in a discussion highlighting how APAC firms often defer reconciliation and audit capabilities during rapid user and corridor expansion. Peter Brewin: Peter Brewin is the Digital Assets APAC Lead at PwC Hong Kong, advising on blockchain, crypto, and tokenization matters with expertise in regulatory and taxation issues. He participates in initiatives supporting education and standards development for digital assets in the region. Harry Kemball: Harry Kemball is Sales Lead at TRES Finance, bringing experience from digital assets and payments to drive adoption of financial operations tools for Web3 enterprises. He contributes to conversations on infrastructure challenges in scaling digital asset businesses. Michael Levine: Michael Levine serves as an executive at Fireblocks, focusing on digital asset infrastructure solutions for institutional clients. He engages in industry discussions on balancing operational scaling with compliance needs in key regions like APAC. TresDotFinance: TRES Finance develops platforms that automate reconciliation, reporting, and audit-ready data for Web3 financial workflows across wallets, chains, and protocols. It targets enterprise finance teams seeking structured oversight of complex digital asset activities. In the news, Harry Kemball of TRES Finance contributes to the panel analyzing prioritization issues in APAC firms, where operational controls often follow user growth. APAC Infrastructure: APAC financial institutions are advancing digital asset builds with a strong emphasis on custody as a foundational priority and tokenized securities as a key use case. Regulatory Oversight: Regulators in parts of APAC are increasing requirements for frequent reconciliation and independent audits to address operational risks in crypto platforms. Professional Services Engagement: Firms like PwC are actively partnering on education programs and research to support tokenized asset adoption and standards in markets such as Hong Kong.

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