Regional asset management is a critical component of effective, transparent, and accountable public governance. However, findings from the Audit Board of the Republic of Indonesia indicate that regional asset management continues to face challenges related to administration, inventory management, reporting, and asset utilization. This study aims to analyze the implementation of government accounting-based regional asset governance and its implications for organizational performance and public transparency at the Youth and Sports Office of Maluku Province. The study employed a mixed methods approach using a sequential explanatory design. Quantitative data were collected through questionnaires distributed to officials involved in regional asset management, while qualitative data were obtained through interviews, observations, and document analysis. Quantitative data were analyzed using descriptive statistics and linear regression, whereas qualitative data were analyzed through data reduction, data display, and conclusion drawing. The findings reveal that the implementation of government accounting-based asset governance, encompassing asset planning, administration and inventory, utilization, safeguarding and maintenance, reporting, supervision, and control, contributes to improved organizational performance and public transparency. Effective asset governance supports program effectiveness, resource efficiency, service quality, and transparency in asset management information. The study also found that successful implementation is influenced by regulatory support, organizational commitment, and compliance with Government Accounting Standards. Meanwhile, major constraints include limited human resource capacity, inadequate asset data updating, and insufficient integration of asset information systems. This study contributes to the development of regional asset governance practices within sectoral government agencies to enhance organizational performance and public transparency.