In short: Insights into Singapore’s crypto investment scene

Although Singapore is a tiny city it commands tremendous power in the crypto world — rivalling entire countries like the US and China.

According to Crypto Fund Research, out of the 466 crypto funds worldwide, more than half are based out of the US. China is a distance 2nd place follower and home to 34 funds, while Singapore follows in fourth place with 21 funds. This is perfectly complemented by our contributor Block Crafters (compare recent article on Block Crafters in our story feed) having its second main office in Singapore thus underlining the city’s importance.

The same trend holds true for the number of funds in each city. The US rules with San Francisco and New York leading the pack, and once again, Singapore in holds onto fourth place.

More interestingly, most funds around the globe are small with less than 10 million USD under management. Singapore’s landscape differs, and we have identified five funds with 100+ million USD under management.

Singapore’s also appears to employ more staff than typical funds do. For example, we’ve found 8 funds that employ more than 10 staff in comparison to the traditional founder model with one assistant.

There’s something unique about Singapore’s crypto ecosystem and we’re excited to have our co-founder Jonas on the ground at Consensus this week. He’ll be raising funds for Moondock and sourcing the best venture experts and advisors for our community.