Singapore’s crypto activity rose 55.4% to $284 billion in the year from July 1, 2025, to June 30, 2026, making it the largest crypto economy in Central and Southeast Asia and Oceania, according to Chainalysis. Institutional-platform activity increased 94% to $60 billion, led by market makers, over-the-counter firms and institutional brokerages, while the wider regional crypto economy contracted 6.8%. Singapore’s centralized-exchange inflows rose 30% and decentralized-exchange flows gained 69%, while cumulative net cross-border inflows reached about $5 billion by midyear. Australia ranked second with $173.1 billion in activity, about $111 billion below Singapore, followed by India at $135 billion and Vietnam at $122.2 billion. Cross-border stablecoin activity exceeded domestic activity in every market examined, at a regional ratio of 3.2 to 1. The Philippines, Thailand and Vietnam accounted for 5.4 million transfers below $10,000, or 14.4% of the global total. Singapore-based Tazapay raised $36 million in Series B financing, while Dtcpay completed a $25 million Series A and later received an investment from SBI Holdings Inc. Gemini secured a Major Payment Institution license, and the Monetary Authority of Singapore opened a consultation on proposed stablecoin legislation, with comments due Oct. 16.