Singapore Crypto Economy Grows 55.4% to $284 Billion

According to Chainalysis, Singapore's crypto economy grew by 55.4% to $284 billion in the year ending June 2026, reclaiming its position as the largest crypto market in Central Asia, Southeast Asia, and Oceania. Institutional activity drove this growth, surging 94% to $60 billion, while the broader region saw a 6.8% decline. The Monetary Authority of Singapore (MAS) has tightened regulations while promoting tokenization and stablecoin pilots, such as the BLOOM program, which Ripple joined on March 25 to test cross-border settlements using RLUSD. Meanwhile, the Philippines, Thailand, and Vietnam remain focused on small-scale P2P transactions.