Singapore's blockchain ecosystem has grown by 50% since 2019

by in Blockchain News

Singapore

Singapore’s blockchain ecosystem now has 234 companies. Such statistics were provided by a group of organizations, which also compiled a “map” with the logos of these companies.

It turned out that since 2019, the number of blockchain companies has grown by more than 50%.

The map, which was also created with the support of the government agency Infocomm Media Development Authority (IMDA), represents 26 groups of blockchain companies related to specific business sectors, including corporate services, smart cities, the creation of blockchain infrastructures, etc.

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In 2020, decentralized finance (DeFi) companies became a prominent sector. Recently, Singapore-based Temasek was the first Asian company to partner with the Libra Association.