Southeast Asia's blockchain companies have raised $680 million in 2026, representing an 113% increase from the $319 million raised throughout 2025, according to a new report from market intelligence platform Tracxn. However, deal volume moved in the opposite direction, falling to 25 rounds from 46 during the previous year. The gap between capital raised and completed funding rounds indicates larger checks going into a smaller group of established companies, with one transaction having an outsized effect.
Crypto.com secured $400 million in a Series D round backed by Citadel Securities in July, accounting for nearly 60% of all blockchain funding recorded in Southeast Asia this year. Without the Crypto.com investment, the remaining 24 rounds brought in about $280 million. As reported by Tracxn, crypto financial services have collected most of the available money, raising $498 million through 19 rounds, with funding up 48.4% from the corresponding period last year. Tokenization platforms ranked second with $114 million, while platforms used to develop decentralized applications received $77 million.
Annual investment dropped from $2.2 billion in 2022 to $386 million in 2023, according to Tracxn. Funding recovered to $804 million in 2024 before declining to $319 million in 2025. Despite the $680 million raised this year already passing the 2025 total, it remains about 69% below the 2022 record. Deal activity has also moved far below its 2022 level, with investors completing 206 rounds that year, more than eight times the number recorded so far in 2026.
Singapore accounts for 82.5% of Southeast Asia's cumulative $6.2 billion in blockchain funding, equal to approximately $5.1 billion, according to the report. The city-state is also home to 2,285 of the companies tracked by Tracxn, or nearly 58% of the regional total. Jakarta ranks as the next-largest funding center but accounts for only 3% of cumulative investment, with its share roughly $186 million. Recent company activity has reinforced Singapore's position, with Coinbase announcing plans to expand its Singapore workforce from about 150 employees to approximately 200 by the end of 2026.
Among 3,957 blockchain companies tracked across Southeast Asia, 1,323 have received some form of equity investment, but only 167 have reached Series A or a later stage. Just 50 companies have advanced to Series B, while 14 have completed a Series C round. Tracxn counted 43 acquisitions across Southeast Asia's blockchain industry but only four initial public offerings. Among the 2026 transactions, Japan's SBI Holdings completed its acquisition of Coinhako after receiving approval from MAS in July, with the deal including a capital injection and purchases of shares from existing investors.
