Southeast Asia blockchain funding doubles to $680M despite fewer deals

Southeast Asia’s blockchain companies have raised $680 million in 2026, more than double the total for last year, even as the number of completed funding rounds has fallen sharply. Summary Blockchain companies have secured $680 million across 25 rounds in 2026. Crypto.com’s $400 million Series D supplied nearly 60% of the total. Crypto financial services received $498 million across 19 funding rounds. Singapore accounts for 82.5% of the region’s $6.2 billion in historical funding. According to a new report from market intelligence platform Tracxn, funding has increased by about 113% from the $319 million raised throughout 2025. Deal volume moved in the opposite direction, falling to 25 rounds from 46 during the previous year. The gap between capital raised and completed rounds points to larger checks going into a smaller group of established companies. One transaction had 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. Tracxn’s data therefore s...