Singapore Fintech DeFi Market Size and Forecast by Service Type, End Users, Industry, Transaction Types, and Application: 2019-2033

Singapore Fintech DeFi Market Growth and Performance

• The Singapore fintech DeFi market size in 2033 to stand at US$ XX7.8 Million, alongside a forecasted Compound Annual Growth Rate (CAGR) of XX.1%.
• The Singapore fintech DeFi industry recorded US$ X6.5 Million in 2023.

Singapore Fintech DeFi Market Outlook

The Singapore fintech DeFi market is undergoing a profound transformation, emerging as a global hub for decentralized financial innovation. As the city-state balances regulatory foresight with technological advancement, initiatives like Project Guardian—led by the Monetary Authority of Singapore (MAS)—are reshaping how financial services are delivered and governed. By 2034, over 40% of industry experts anticipate high adoption of decentralized finance (DeFi), particularly as traditional financial institutions increasingly integrate rather than resist DeFi models. This convergence is especially evident in areas such as risk management, data analysis, and operational infrastructure, where 80% of surveyed professionals predict transformative impacts.

A key example of institutional momentum in the DeFi space is MAS’s Project Guardian, which tests real-world DeFi applications such as tokenized securities trading, secured lending, and digital deposits. Collaborative pilots involving heavyweights like DBS Bank, JPMorgan, and Marketnode are using public blockchains to facilitate secure, permissioned liquidity pools. This effort is supported by a robust regulatory framework focusing on AML, investor protection, and smart contract governance, showcasing Singapore's dual commitment to innovation and systemic stability.

Amid this evolution, Treehouse Finance has emerged as a leading force. With a recent valuation of $400 million and over 30,000 wallet holders, Treehouse is pioneering Decentralized Offered Rates (DOR) to standardize pricing across blockchain-based bonds, loans, and derivatives. The startup is targeting the $600 trillion global fixed-income market, indicating how Singaporean firms are tackling opportunities once thought exclusive to traditional finance.

Venture funding reflects this confidence. In 2022 alone, DeFi user adoption surged by 31%, supported by over $14 billion in crypto VC investment. Backed by global players such as UBS, SIX Group, and Ripple, incubators like Tenity have committed to funding early-stage DeFi startups through initiatives like the Incubation Fund II. These efforts support tokenization, decentralized exchanges, and cross-border payments, utilizing the XRP Ledger (XRPL) for its scalability, speed, and energy efficiency. The fund has already supported 29 startups across Asia and Europe, underlining the transnational reach of Singapore-based innovation.

Meanwhile, Cake DeFi has invested $50 million into establishing a fintech research center in Singapore, exploring asset tokenization and crypto trading solutions. Such investment not only reflects Singapore’s talent pool but also the rising relevance of tokenization for real estate and cross-border trade, which could redefine asset accessibility for retail and institutional investors alike.

Further bolstering its global fintech footprint, MAS recently launched the Global Finance & Technology Network (GFTN) to replace Elevandi. Under the leadership of Ravi Menon and Sopnendu Mohanty, GFTN aims to foster global dialogue in AI, quantum finance, and asset tokenization—areas increasingly intersecting with DeFi technologies. As regulatory frameworks mature and infrastructure solidifies, DeFi is not just a disruptive force but a foundational layer in Singapore’s digital financial ecosystem.

Singapore fintech DeFi market exemplifies resilience amid uncertainty. While global fintech funding has cooled, Singapore saw a 22% increase in fintech deal value in 2022, totaling US$4.1 billion across 250 deals. This surge, driven by demand for blockchain-based payment systems, real-time settlements, and wealth tech platforms, reinforces Singapore’s role as an innovation-friendly yet prudently governed DeFi destination.

In conclusion, Singapore’s strategic blend of regulatory rigor, public-private collaboration, and deep-rooted innovation has positioned its DeFi market for exponential growth. As traditional financial institutions evolve and blockchain-based models mature, the Singapore DeFi ecosystem is poised not just for adoption—but global leadership.

Singapore Fintech DeFi Market Scope