Latest data shows that the Southeast Asian blockchain industry has raised $680 million in funding since the beginning of 2026, surpassing the full-year total of $319 million in 2025. However, this rebound is not broad-based; rather, it is driven by a few large deals that have inflated the overall figure, with capital increasingly concentrating among more mature companies.
Total funding amount increased, with a noticeable reduction in the number of rounds.
This year, Southeast Asia recorded 25 blockchain funding rounds, fewer than the 46 in 2025 and significantly lower than the peak of 206 in 2022. The rise in funding amounts alongside a decline in transaction numbers indicates that investors are being more cautious and selecting projects more rigorously.
Historical data shows that blockchain funding in Southeast Asia peaked at $2.2 billion in 2022, dropped to $386 million in 2023, rebounded to $804 million in 2024, and declined again to $319 million in 2025. The current growth in 2026 is primarily driven by a few large individual investments.
Large-scale funding is concentrated among leading companies.
The report noted that Crypto.com's funding round contributed significantly to this year's overall data. The company stated that the funds will be used to expand businesses such as tokenized securities and derivatives, continuing its strategy of bridging traditional markets with digital assets.
In addition to this transaction, the larger financings mentioned by Tracxn include Edena Capital’s $100 million Series D round and Startale’s $50 million Series A round. Together, these major deals have significantly boosted the region’s total funding amount.
This also indicates that current capital is not broadly flowing to early-stage startups, but rather favoring established cryptocurrency infrastructure companies with clearer business models.
Cryptocurrency financial services are drawing away most of the funds.
By sector, crypto financial services are the leading destination for funding in Southeast Asia. Related companies raised a total of $498 million across 19 transactions, representing a 48.4% year-over-year increase.
In other sub-sectors, digital asset fractionalization and tokenization platforms attracted $114 million, decentralized application development platforms raised $77 million, and blockchain network projects secured $49.5 million.
This data indicates that investors are more focused on financial market infrastructure such as payments, trading, and tokenization, rather than more speculative crypto applications.
Singapore continues to lead the regional market.
In terms of regional distribution, Singapore remains the blockchain funding hub in Southeast Asia. The country accounts for 82.5% of the region’s cumulative blockchain equity financing, totaling approximately $6.2 billion; out of 3,957 blockchain companies in the region, 2,285 are based in Singapore. Jakarta ranks second, but its share of funding is only around 3%.
Although 1,323 blockchain companies in Southeast Asia have received institutional investment, only 167 have progressed to Series A or later stages, just 50 have reached Series B, 14 have reached Series C, and only 4 have advanced to Series D or beyond.
This data shows that Southeast Asia is not lacking in blockchain startups, but only a few have been able to secure ongoing funding and achieve scalable validation. Currently, the funding recovery expected by 2026 appears more likely to involve capital concentrating among leading infrastructure companies, rather than replicating the broad-based funding boom seen in 2022.