Report
A collaboration between the Singapore Fintech Association (SFA) and SG Builders, this report makes the case for why Singapore is the prime destination for your Web3 enterprise.
Boasting insights provided by 53 representatives from Web3 companies, you will also get access to detailed case studies of successful businesses in the field.
Key takeaways include:
- A positive investment and growth outlook: Singapore's Web3 sector attracted US$742 million (S$993.5m) in investments in 2024, an impressive 64 per cent of total FinTech funding within the country.
- Growing institutional and retail adoption: A significant 26 per cent of Singapore residents own cryptocurrency, demonstrating strong retail interest in digital assets. Furthermore, 73 per cent of these holders have maintained their investments for over a year, indicating a long-term belief in the technology. Institutional engagement is also on the rise, with DBS Bank reporting an 80 per cent in digital asset custody services and traditional players like Grab integrating Web3 wallets.
- Join a thriving business ecosystem: Singapore is home to over 300 Web3 companies, including industry leaders like Crypto.com, Nansen, Pendle Finance, OpenEden, and HQ.xyz. These companies are actively shaping the future of DeFi, NFTs, gaming, and blockchain infrastructure.
- Access vibrant funding opportunities: A vibrant venture capital scene, with over 30 active firms including Defiance Capital, Spartan Group, and DWF Labs, is fuelling the growth of startups across DeFi, tokenisation, and blockchain infrastructure.
