Over 634 companies have been registered in Singapore from 2016 to 2018 with a combined market capital of US$8.3 billion.

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.

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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.

No. of monthly Singapore-incorporated blockchain and crypto related companies from Jan 2016 to Dec 2018

Price of Bitcoin as charted on CoinMarketCap.com for a comparative period between January 2016 and December 2018.

Singapore incorporated cryptocurrency and blockchain projects with a market capital greater than US$10 million

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.

Are you?

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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 spencer+data@hashtag.capital

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.

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