Overview
- Tracxn data show Southeast Asia blockchain firms raised $680 million across 25 rounds in 2026, more than double the $319 million raised in 2025.
- One transaction dominated the year: Crypto.com’s $400 million Series D accounted for roughly 60% of the region’s total funding.
- Crypto financial services drew the lion’s share of money, raising $498 million across 19 rounds as investors favored exchanges, payments and infrastructure plays.
- Singapore remains the regional hub, holding about 82.5% of cumulative blockchain investment and supporting tokenization through regulatory initiatives such as Project Guardian.
- The recovery is narrow: Tracxn tracks 3,957 regional blockchain firms with only 1,323 equity-backed companies and 167 at Series A or later, and exits have skewed to acquisitions (43) rather than IPOs (4), which may squeeze early-stage startups and push more consolidation.