Funding Doubles but Deal Count Shrinks
Blockchain startups in Southeast Asia have raised $680 million in equity funding so far in 2026, more than double the $319 million raised in all of 2025, according to a new report from market intelligence platform Tracxn. The rebound is concentrated among a few mature companies: only 25 rounds have closed this year, compared to 46 in 2025 and a peak of 206 in 2022. Crypto exchange Crypto.com's $400 million Series D alone accounts for nearly 60% of the total.
Crypto Financial Services Lead
By sector, crypto financial services are the biggest beneficiary, raising $498 million across 19 rounds this year, up 48.4% year-on-year. Tokenization platforms raised $114 million, while decentralized application development platforms secured $77 million.
Early-Stage Dominance Persists
Of the 3,957 blockchain companies tracked by Tracxn, 1,323 have received equity funding, but only 167 have progressed to Series A or beyond. Fifty companies reached Series B, 14 reached Series C, and just 4 have advanced to Series D or later.
Singapore Dominates Geographically
Singapore is the undisputed leader in Southeast Asian crypto investment, accounting for 82.5% of the region's cumulative $6.2 billion blockchain funding and hosting 2,285 tracked companies. Jakarta, which ranks second, holds only a 3% share.
Exits and Unicorns
The region has seen 43 acquisitions and 4 IPOs, including SBI Group's acquisition of Singapore-based exchange CoinHako and Bybit's acquisition of NOBI. Southeast Asia has produced six blockchain unicorns to date, including Sygnum, Bitkub, Sky Mavis, and Amber Group.