Southeast Asian Crypto Funding Rebounds to $680 Million
The rebound is being driven mostly by larger rounds, with Crypto.com standing out. Singapore remains the region’s main hub for blockchain funding.
Key Takeaways
- Crypto funding in Southeast Asia rebounded to $680 million this year, but it remained heavily concentrated in a small number of deals.
- Crypto.com raised nearly 60% of the total with a $400 million Series D, while crypto financial services were the biggest sector.
- Singapore dominates regional blockchain funding with 82.5% of the total, while the market still remains below the level of the 2022 funding boom.
Crypto funding in Southeast Asia has rebounded to $680 million (€585 million) this year, well above the $319 million (€274 million) seen in all of 2025. Even so, that rebound is mostly coming from a smaller number of deals, with investors more often putting their money into more mature crypto companies than into young startups.
Fewer Deals, More Focus
According to a new report from market intelligence specialist Tracxn, 25 funding rounds have been completed so far in 2026, compared with 46 in 2025. In 2022, there were 206, showing how much the market has shifted toward a smaller number of companies attracting most of the capital.
The biggest round this year was a $400 million (€344 million) Series D in crypto exchange Crypto.com. That one deal alone accounted for nearly 60% of the total so far in 2026. That highlights just how concentrated funding is right now.
Crypto financial services were the biggest draw, with $498 million (€428 million) raised across 19 rounds, up 48.4% year over year. Tokenization platforms raised $114 million (€98.1 million), and decentralized application development platforms came in at $77 million (€66.3 million).
Singapore Remains Far and Away the Leader
The region as a whole has now generated $6.2 billion (€5.3 billion) in equity funding for blockchain companies, according to Tracxn. Of that, 82.5% comes from Singapore, which is also home to 2,285 of the tracked companies. Jakarta is the next major hub, but it accounts for just 3% of the total.
That dominance fits the broader fintech picture in Singapore. In the first half of 2026, the sector there pulled in more than $499 million (€429 million) across 53 deals, down from about $1.45 billion (€1.2 billion) in the same period of 2025. For European readers, that shows Southeast Asia is still an important region for crypto and Web3, but capital is being deployed more selectively there.
Recovery Without a Boom Year
The exit market is still uneven too. Tracxn counted 43 acquisitions and just four IPOs in the sector, including SBI Group’s acquisition of Singapore-based CoinHako and Bybit’s purchase of NOBI this year.
The numbers suggest that Southeast Asia’s blockchain market did recover in 2026, but it is still nowhere near the level of the 2022 funding wave. Capital is flowing mainly to financial services and more mature companies, not to speculative early-stage projects.
That fits a broader shift in the sector: elsewhere too, investors are more often seeing opportunities in proven infrastructure and tokenization instead of early experiments. For example, Truth Ventures recently described how crypto VCs are increasingly moving toward later growth stages.
