Southeast Asia's Blockchain Funding Doubles to $680M on 25 Rounds

Blockchain companies in Southeast Asia have raised $680 million so far in 2026, more than double the $319 million they took in all of 2025, on figures the data firm Tracxn put out this week. The money arrived through 25 rounds. Last year's smaller total was spread across 46. CoinDesk published the comparison on Saturday morning, and TNGlobal, Crypto Briefing and CFOtech Asia carry the same series from the same dataset. One round accounts for close to 60% of the year's money.

One round, most of the money

The largest deal of the year was Crypto.com's $400 million Series D in July. This desk reported it when it closed: Citadel Securities put $400 million into Crypto.com at a $20 billion valuation on 16 July, the exchange's first institutional funding in about a decade. Amount, month and company line up with Tracxn's entry. Crypto financial services took $498 million across 19 rounds, up 48.4% on the year, and every account reviewed here gives that pair of figures identically. Crypto Briefing alone says three rounds together absorbed more than 81% of the year's funding, and it does not name the other two. No other account carries that share.

Singapore takes the rest

The regional total hides a single city. Singapore holds 82.5% of the funding and hosts 2,285 of the 3,957 blockchain companies Tracxn tracks in Southeast Asia. Jakarta is next at about 3%. Bangkok, Kuala Lumpur and Ho Chi Minh City trail further back. What the 82.5% is measured against is stated two ways. CoinDesk attaches it to the region's cumulative $6.2 billion of equity funding, while TNGlobal and CFOtech Asia write "total funding" without saying whether they mean the all-time figure or this year's. We could not establish which base the report itself uses.

The funnel narrows early

Of those 3,957 tracked companies, 167 have reached Series A or later. Four have reached Series D. Tracxn separately counts 1,323 as funded at all, a different measure from tracked, and the two should not be read against each other as a survival rate. Deal volume tells the same story from another angle. The region closed 206 rounds in 2022, when funding peaked at $2.2 billion, and 25 so far this year. Seed stage fell hardest. Annual funding went $386 million in 2023, $804 million in 2024 and $319 million in 2025 before this year's rebound, so the $680 million is a recovery from a trough and still under a third of the 2022 figure.

Getting out means being bought

Exits run more than ten to one toward acquisitions. Tracxn counts 43 acquisitions against four initial public offerings, and six companies in the region have reached a billion-dollar valuation. CFOtech Asia adds that the average company was bought 6.2 years in at a $54.9 million valuation, a detail no other account carries. Two 2026 purchases are named, SBI Group buying CoinHako and Bybit buying NOBI. SBI has been busy in the region on its own account, paying $270 million for about 20% of Jakarta's Ajaib at the end of August. That was a minority stake, and it is not one of the two acquisitions Tracxn lists.

Four months of the year are still to run, and no account offers a projection for them. None says whether the $680 million is calendar year to date or a trailing twelve months, and the answer changes what the doubling describes. The second and third largest rounds go unnamed everywhere. On the published figures, one exchange's round is close to 60% of the rebound and 24 other cheques share what is left.