SE Asia's DeFi startups raise nearly $1b in 2021 as crypto exchanges, play-to-earn gaming take off

SE Asia's DeFi startups raise nearly $1b in 2021 as crypto exchanges, play-to-earn gaming take off

Tech startups operating in Southeast Asia’s decentralised finance (DeFi) ecosystem raised close to $1 billion in equity funding this year, according to data compiled by DealStreetAsia.

The funding represents a jump of more than six times over 2020 and indicates a critical milestone in the adoption of cryptocurrencies and financial infrastructure built on blockchain technology.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter