Blockchain technology companies in Southeast Asia (SEA) have raised $6.2 billion from investors, according to a report from Tracxn Technologies Limited, a data intelligence platform.
The Blockchain Technology – SEA Report covered 3,957 blockchain companies across the region. Of these, 1,323 have received funding, but only 167 have reached Series A or a later funding round. This shows that most companies remain in the early stages of development.
Blockchain companies in the region have raised $680 million so far in 2026. However, a large part of this came from only a few deals. CRYPTO raised $400 million in July, accounting for more than half of the year’s total. Edena Capital raised $100 million, while Startale secured $50 million.
Companies offering crypto-based financial services attracted the most money. They raised $498 million across 19 funding rounds over the past year, up 48.4% from the previous year.
Platforms that allow people to divide digital assets into smaller, tradable portions followed with $114 million. Companies that help developers build decentralized apps raised $77 million, while businesses developing blockchain networks received $49.5 million.
Despite the higher amount recorded so far this year, funding remains below its 2022 peak. Blockchain investment in SEA reached $2.2 billion in 2022 before falling sharply to $386 million in 2023. It recovered to $804 million in 2024 but dropped again to $319 million in 2025.
The number of funding deals has also fallen. There were 206 rounds in 2022, compared with 46 in 2025 and 25 so far in 2026. The decline was most evident among new companies seeking their first rounds of funding. A small number of more established businesses, however, continued to attract large investments.
Singapore leads the region’s blockchain sector, accounting for 82.5% of all funding. It is also home to 2,285 of the companies covered by the report. Jakarta followed with 3% of funding, while Mandaluyong, Metro Manila, Makati, and Bali each accounted for about 1%.
SEA has produced six blockchain unicorns, or privately owned companies valued at $1 billion or more. These are Sygnum, Polyhedra Network, Multichain, Bitkub, Sky Mavis, and Amber Group.
Selling a company remains the most common way for investors and founders to cash out. Tracxn recorded 43 acquisitions but only four initial public offerings, or stock market listings.
Recent deals include SBI Group’s purchase of CoinHako and Bybit’s acquisition of NOBI in 2026. Many buyers came from outside Southeast Asia, indicating that foreign companies remain interested in the region’s blockchain businesses.