Acquisition interest in Taiwan’s virtual asset sector is gaining momentum. A market report says four financial holding groups are reviewing potential deals involving crypto exchanges, with attention centered on virtual asset service providers that already have trading infrastructure, active users, and a clearer path to compliance. MaiCoin and HOYA BIT were highlighted as key names in those discussions.
Regulatory clarity is pushing institutions beyond payment partnerships
The report links the shift to Taiwan’s expected 2026 rollout of the Virtual Asset Service Act. As the legal framework becomes more defined, traditional financial institutions are no longer limiting themselves to payment collection or settlement partnerships. They are looking at direct equity stakes and acquisition structures to gain stronger control over crypto-related operations and on-chain financial capabilities.
Among the public examples already on record, Fubon Group has used Taiwan Mobile to establish Fusheng Digital and launch TWEX, a virtual asset exchange that officially went live in May 2025. The report also notes that Mastercard signed a memorandum of understanding with Fusheng Digital that year to promote on-chain transfers and crypto payment applications. Separately, Union Bank disclosed in its late-2025 financial report that its board had approved an investment of $27.817 million in August to acquire about 9.67% of Modern Wealth Holdings, the parent company of MaiCoin Group.
MaiCoin valuation is inferred at NT$10 billion
Citing an exclusive report from Economic Daily News, the article says financial groups and accounting firms are conducting deeper reviews of acquisition targets. Based on Union Bank’s disclosed investment amount and ownership ratio, MaiCoin’s implied acquisition floor is estimated at around NT$10 billion. The report adds that if buyers cannot meet that level, the company may prefer to pursue an IPO instead.
Pricing for smaller or newer VASP players appears much broader. Exchanges with differentiated technology, specific customer segments, or narrower market positions are described as carrying expected sale prices ranging from several hundred million Taiwan dollars to tens of billions, depending on product maturity, user scale, and growth prospects.
HOYA BIT and BitoGroup remain on the radar
Among the emerging platforms, HOYA BIT was singled out for its technical flexibility and user-focused trading experience. The report says those qualities fit the needs of mid-sized and large financial groups seeking to complete their virtual asset footprint without building every component from scratch. Other companies mentioned include Tuo Huang Digital Technology and Cross-Chain Technology, showing that buyer interest is spread across more than just the largest incumbents.
BitoGroup, meanwhile, has seen less takeover speculation in public. The article attributes that to limited disclosure rather than weaker standing. It says BitoGroup remains one of Taiwan’s major crypto platforms alongside MaiCoin, and that its user base, capital scale, technical capabilities, and market share still matter in any acquisition assessment. Based on the information now circulating, ties between Taiwan’s financial institutions and VASPs are moving from basic commercial cooperation toward deeper equity and technology integration.