Stablecoins and real-world asset (RWA) tokenization are pivotal in shaping 2025 cryptocurrency regulations across Asia. Key developments include Hong Kong's stablecoin legislation enacted in August 2025 and Singapore's Digital Token Service Provider (DTSP) framework, which became effective in June. Japan and South Korea are also advancing their stablecoin initiatives, with Japan supporting pilot projects and South Korea launching a KRW-backed stablecoin. These regulatory frameworks are expected to enhance liquidity and integrate infrastructure, benefiting the crypto markets.