Singapore was dubbed ‘extremely hot and frothy’ in the Initial Coin Offering (ICO) boom-period from 2017 to 2018.
Because all information on companies registered in Singapore is public, a chance encounter led me to check out which companies in the blockchain and cryptocurrency industry were registered here.
All analysis of data are based on personal opinions and may contain errors of classification.
We found an estimated 634 companies incorporated in Singapore with possible relations to cryptocurrencies and blockchain based on keywords like chain, blockchain, chain, coin and filtered for supply chain companies.
The combined market value of the cryptocurrency projects according to CoinMarketCap stands at US$8.3 billion.
The top 10 projects based in Singapore are Litecoin, Tron, Binance, NEO, NEM, Tezos, Vechain, Ontology, Qtum, Bytom and Huobi.
Some other notable names include Upbit, Bitmain, OKcoin, Fetch.AI, imToken and Coincheck.
The full list here is here.
Further analysis can be conducted based on jobs created, support received, revenues earned in Singapore and community contributions.
These may show interesting metrics as we seek to encourage more frontier technology ecosystems to thrive in Singapore.
I’m hopeful that Singapore will become a vibrant hub for blockchain and cryptocurrency technology innovation.
Image Credits: delldionne
The information presented here is based on OpenCorpData.com and CoinMarketCap.com
**There will be inaccuracies of classification, please do your own research
***To request for dataset, please drop me an email [email protected]
This article was first published on Hashtag Capital Research blog.
Hashtag Capital is a multi-strategy electronic trading fund for crypto assets. The partners of Hashtag Capital have supported the growth of companies like CryptoAudiences, Counter Network, CryptoKitties, CoinMarketCap, Cobo, Chainrock, Akio Labs, PledgeCamp, EOSIO.SG and many others over the past 2 years.