Mapping out the blockchain ecosystem in Singapore

Singapore has become one of the few regions to offer clear regulatory clarity for businesses that cater to digital assets. Due to Singapore’s regulatory-friendly environment, it has been an attractive landing place for blockchain companies.

The government of Singapore has even been indirectly involved in providing funding to blockchain startups. Tribe Accelerator – backed by government agency Enterprise Singapore – raised 21.5 million Singapore dollars (~$16 million) for participating blockchain startups.