Crypto and blockchain companies in Southeast Asia (SEA) have raised $680 million in equity funding so far in 2026, more than double the $319 million raised during all of 2025.
The increase came despite a decline in deal activity, with only 25 funding rounds completed this year, compared with 46 in 2025 and 206 during the sector’s 2022 peak, according to data from market intelligence platform Tracxn.
One deal accounts for a large share of the rebound, as Crypto.com raised $400 million from Citadel Securities in July, valuing the exchange at $20 billion and contributing nearly 60% of Southeast Asia’s blockchain funding this year.
Without that investment, the remaining 24 funding rounds raised about $280 million.
Crypto Funding More Than Doubles as Deal Count Falls
SEA’s blockchain funding increased about 113% from 2025, even as the number of completed rounds fell by roughly 46%.
The difference becomes clearer when looking at average deal size. Based on the reported totals, the average 2026 funding round is about $27.2 million, compared with roughly $6.9 million in 2025.
| Metric | 2025 | 2026 YTD | Change |
| Total equity funding | $319M | $680M | +113% |
| Funding rounds | 46 | 25 | -46% |
| Average funding per round | ~$6.9M | ~$27.2M | ~4x |
Table 1. Southeast Asia Blockchain Funding: 2025 vs. 2026
The figures point to a market where investors are deploying more capital but concentrating it across a smaller group of companies.
However, funding is still well below the $2.2 billion raised in 2022, when SEA recorded 206 blockchain funding rounds. Investment later dropped to $386 million in 2023, recovered to $804 million in 2024, and fell to $319 million in 2025.
Crypto.com Accounts for Nearly 60% of 2026 Funding
Crypto.com’s $400 million Series D is the largest contributor to this year’s total.
Citadel Securities made the investment in July at a $20 billion valuation, marking Crypto.com’s first institutional funding round. The exchange said the capital would support expansion into areas including tokenized securities and derivatives.
The size of the deal also shows how concentrated SEA’s funding recovery has become.
Crypto.com alone accounts for about 58.8% of the $680 million raised in 2026. Excluding the round, regional funding would be approximately $280 million, below the amount raised during all of 2025.
Other large deals include a $100 million Series D for Edena Capital and a $50 million Series A for Startale. Together with Crypto.com, the three deals account for roughly $550 million, or about 81% of total 2026 funding.
| Company | Funding Round | Amount | Share of 2026 SEA Funding |
| Crypto.com | Series D | $400M | 58.8% |
| Edena Capital | Series D | $100M | 14.7% |
| Startale | Series A | $50M | 7.4% |
| All other deals | Various | $130M | 19.1% |
Table 2. Top 2026 Southeast Asia Crypto Funding Deals
Crypto Financial Services Attract Most of the Capital
Over the past year, crypto financial services attracted $498 million across 19 funding rounds, while tokenization platforms raised $114 million and dApp development platforms attracted $77 million.
The funding mix reflects growing investor interest in businesses connected to trading, financial infrastructure and tokenized assets rather than a broad return to early-stage crypto investing.
The region’s funding funnel remains narrow, as Tracxn tracks 3,957 blockchain companies in SEA, but only 1,323 have received equity funding. Just 167 have reached Series A or later, 50 have reached Series B, 14 have reached Series C, and only four have progressed to Series D or beyond.
| Stage | Number of Companies | Share of 3,957 Tracked Firms |
| Received equity funding | 1,323 | 33.4% |
| Series A or later | 167 | 4.2% |
| Series B or later | 50 | 1.3% |
| Series C or later | 14 | 0.35% |
| Series D or later | 4 | 0.10% |
Table 3. Southeast Asia Blockchain Funding Funnel
From the table above, only about 4.2% of the blockchain companies tracked by Tracxn have reached Series A or later, while just 0.1% have progressed to Series D or beyond.
Singapore Dominates SEA Crypto Funding
Singapore remains the center of blockchain investment in the region, accounting for 82.5% of SEA’s $6.2 billion in cumulative blockchain funding and housing 2,285 of the companies tracked by Tracxn.
Jakarta is the second-largest funding hub but accounts for only about 3% of the regional total.
SEA has also produced six blockchain unicorns, including Sygnum, Bitkub, Sky Mavis and Amber Group. Tracxn counted 43 acquisitions and four IPOs across the sector.
What Comes Next
SEA’s blockchain funding has recovered sharply in 2026, but the numbers show that the rebound is concentrated rather than broad-based.
Singapore’s dominance will also remain important, with more than four-fifths of historical blockchain funding concentrated there. A broader regional recovery would likely require more capital to flow into hubs such as Indonesia, Thailand, Vietnam, and the Philippines.
What this means for you: The region is attracting more crypto investment again, but investors are becoming more selective. The 2026 rebound is being driven by larger bets on established companies rather than a return to the broad startup funding boom seen in 2022.
