We propose Cryptonemia asiatica sp. nov. from Korea and Japan. We used molecular analyses of plastid-encoded rbcL and morphological observations to resolve the taxonomic identities of C. lactuca from Korea, C. luxurians from Japan, and C. seminervis from Spain. Specimens of C. lactuca and C. luxurians fell within the same molecular phylogenetic clade (with 100% bootstrap support) and were clearly separated from specimens of C. luxurians collected from the type locality in Brazil. Our analyses demonstrated identical molecular sequences between C. seminervis specimens from Spain and C. lomation specimens from France. Morphological characteristics of the new species, C. asiatica include prominent midribs through the mid thallus, a cortex 4-6 cells thick, and a blade with undulate margins. Molecular evidence indicates that specimens from Korea and Japan previously assigned to C. lactuca and C. luxurians, respectively, should be reassigned to Cryptonemia asiatica. Binomial C. luxurians from Brazil should be resurrected as the independent species of Cryptonemia.