Southeast Asia’s blockchain funding rose 113% to $680 million in 2026, according to market intelligence platform Tracxn. Completed funding rounds fell to 25, compared with 46 throughout 2025. Crypto.com’s $400 million investment accounted for nearly 60% of the money raised across the region this year.
The exchange completed its Series D in July, with backing from Citadel Securities. The remaining 24 rounds raised about $280 million, less than Crypto.com secured in that single transaction.
This year’s total has already exceeded the $319 million raised during all of 2025. However, the figures cover 2026 so far, while the earlier total represents a full year.
Those totals put the average round at $27.2 million in 2026, against about $6.9 million in 2025. The calculation divides each year’s blockchain funding by its reported deal count.
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What Drove the Rise in Blockchain Funding?
Blockchain-based financial services saw the highest share of investment, raising $498 million through 19 transactions. Tracxn also reported a $114 million investment in tokenization platforms and a $77 million investment in decentralized application development platforms.
Funding levels for regional blockchain start-ups remain below their all-time high of 2022, when start-ups raised $2.2 billion in 206 funding rounds. In 2023, funding slumped to $386 million, increased to $804 million in 2024, and is down yet again in 2025.
This year’s figure is still more than 69% lower than the record. The number of funding deals made in 2022 is almost nine times higher than this year.
Elsewhere, the Depository Trust and Clearing Corporation is creating a tokenization service in collaboration with more than 50 American financial institutions. JPMorgan Chase & Co., Citigroup Inc., Bank of America Corp., and Wells Fargo & Company are also developing tokenized deposit infrastructure.
Who Has Reached Later Funding Stages?
According to Tracxn, there are 3,957 blockchain funding firms in Southeast Asia, out of which 1,323 have equity investment. Only 167 have achieved Series A or beyond funding, implying that nearly 87% of equity-funded firms remain at an earlier stage.
Among others, there are 50 firms that have achieved Series B, and 14 firms have closed their Series C funding rounds. Only four firms have progressed up to Series D and beyond, including Crypto.com, with its recent funding round.
There are six blockchain funding unicorns in Southeast Asia, including Sygnum, Bitkub, Sky Mavis, and Amber Group. Sygnum has achieved unicorn status by crossing the mark of over a billion dollars in valuation by raising $58 million recently.
Where Is Regional Capital Concentrated?
Singapore represents 82.5% of the cumulative investment of $6.2 billion in Southeast Asia, translating into approximately $5.1 billion. It is also home to 2,285 tracked entities, which constitutes about 58% of the regional total.
Jakarta comes next, with a 3% share of cumulative investment, amounting to roughly $186 million. Both numbers are calculated based on investment made so far and not the share in the total for 2026.
In July, Coinbase announced an intention to increase the number of employees in its Singapore office from around 150 to around 200 by the end of the year. Institutional demand and tokenization were listed among Coinbase’s focus areas.
There are also frameworks for tokenized fixed income products and investment funds in Singapore. These were launched by the Monetary Authority of Singapore as part of Project Guardian in November 2024.
The project included over 40 financial institutions, industry bodies, and policymakers from seven jurisdictions. At that point in time, it had carried out over 15 trials using six different currencies.
The MAS has also created the Guardian Wholesale Network, which includes Citi, HSBC, Standard Chartered, Schroders, and UOB.
How Are Companies Exiting the Market?
Apart from blockchain funding, Tracxn found 43 acquisitions in the space against only four initial public offerings. In its report covering 2026, Tracxn reported the acquisitions of Coinhako by SBI Holdings and NOBI by Bybit.
The acquisition of Coinhako was completed after getting approval from MAS in July for the purchase. It involved a new equity investment and buying up existing equity in the company.
Coinhako was founded in 2014 and holds a license from MAS as a major payment institution. SBI called it a regulated foundation to launch stablecoins, tokenized assets, cross-border trading, and on-chain financing between Japan and Southeast Asia.
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