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Radar · Blockchain Technology in China

Best Blockchain Technology Companies in China

The 630 best Blockchain Technology companies in China in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Bitfinex.

630companies tracked
$5.8Bdisclosed funding
7unicorns
206have raised

Tracking the best Blockchain Technology companies in China by disclosed equity funding, this directory covers 630 firms that together have raised $5.8 billion, seven of which have crossed unicorn status. Animoca Brands leads the field at $870M raised, with RedotPay not far behind at $194M. Those two alone account for a disproportionate share of the capital, which tells you something about where conviction is concentrating. The global blockchain market was valued at roughly $7.4B in 2022 and is projected to grow at a 62.73% CAGR, and China's funding stack reflects that trajectory in real time. Regulatory uncertainty remains a structural overhang here, but it hasn't slowed dealflow from active backers like NGC Ventures, OKX, and IOSG Ventures.

So what's actually moving the needle this quarter? Prediction markets built on decentralized rails are drawing fresh attention, as this recent look at blockchain's disruption of prediction markets makes clear, and as shown in 2018 research, supply chain digitization has long been an anchor use case driving institutional adoption. I'd also watch the mobile layer: median app install growth is running around 15% YoY across nearly 2,800 tech and fintech apps, which signals that end-user on-ramps are widening fast. The directory below ranks every tracked company by funding so you can cut straight to where the real capital has landed.

Sources & further reading
  • Global Blockchain Technology Market to 2028: Players Include Coinbase,
  • NIST Taps Industry for Help in Understanding Emerging Technology Marke
FLIAR INTELLIGENCE · BLOCKCHAIN TECHNOLOGY × CHINA

Our analysis of 247 Blockchain Technology companies

$15.7b in tracked funding; 95% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2024.

247companies analysed
95%cloud-native stacks
2024funding peak (by rounds)
20unicorns
2021median founding year
509kcombined LinkedIn audience
52%of audience held by top 3
2companies hiring publicly (12 mo)

Ranked: Best Blockchain Technology companies in China

#CompanyDisclosed fundingLast roundStageFounderTech stackWeb popularityRecent signals
1Bitfinex 🦄
Online cryptocurrency trading platform
69Tech top 20%Moat top 26%Market top 35%Funding top 36%
All 8 signals ▾
Techtop 20%
Moattop 26%
Markettop 35%
Fundingtop 36%
Customerstop 43%
Growthtop 45%
Producttop 50%
Globalbottom 38%
Tech: 79 technologies across 6/8 capability areas · Cloud: Amazon Alb, Amazon S3
Moat: Editorial + unicorn rating 9/10 · Unicorn
rank vs industry peers · Fliar Intelligence Index 69/100
$1.0B85 mo agoFunding Raised—WordPressMySQLPHP+36Top 500k—
2BITMAIN 🦄
Developer of hardware solutions for crypto mining
64Moat top 20%Funding top 28%Market top 29%Tech top 41%
All 9 signals ▾
Moattop 20%
Fundingtop 28%
Markettop 29%
Techtop 41%
AItop 45%
Talentbottom 49%
Globalbottom 48%
Newsbottom 37%
Growthbottom 32%
Moat: Editorial + unicorn rating 10/10 · Decacorn
Funding: Raised $950M across 3 rounds · 3 rounds over 9 yrs (0.3/yr)
rank vs industry peers · Fliar Intelligence Index 64/100
$950M94 mo agoSeries CMicree Zhan
Co-Founder & CEO
Node.jsVue.jsNuxt.js+11Top 1M2 launchs
3Animoca Brands 🦄
Developer of blockchain-based PC and mobile games
67Customers top 19%Funding top 22%Tech top 26%Moat top 26%
All 10 signals ▾
Customerstop 19%
Fundingtop 22%
Techtop 26%
Moattop 26%
Producttop 35%
Markettop 36%
Talenttop 38%
Globaltop 42%
Fin. healthbottom 45%
Growthbottom 43%
Customers: Play-Store rating 4.60★ across 1,233,119 ratings (3 apps) · Review volume +0% in 6 mo
Funding: Raised $870M across 20 rounds · 20 rounds over 15 yrs (1.3/yr)
rank vs industry peers · Fliar Intelligence Index 67/100
$870M19 mo agoSeries CDavid Kim
Co-Founder
Wix eCommerceWixSentry+19Top 5M1 partnership
4BC Group
Provider of branding, technology consulting, and digital asset management services
40Funding top 37%Market top 50%Talent bottom 49%Global bottom 36%
All 4 signals ▾
Fundingtop 37%
Markettop 50%
Talentbottom 49%
Globalbottom 36%
Funding: Raised $287M across 4 rounds · 4 rounds over 6 yrs (0.7/yr)
Market: 119 employees (top 40% of FinTech)
rank vs industry peers · Fliar Intelligence Index 40/100
$287M31 mo agoPublicHugh Madden
CEO
———
5Hyperchain
Provider of enterprise blockchain platform and solutions
$234M62 mo agoSeries CLi Wei
Co-Founder & CEO
———
6RedotPay
Provider of cryptocurrency payment card and app
80Funding top 15%Customers top 20%Growth top 27%Tech top 31%
All 8 signals ▾
Fundingtop 15%
Customerstop 20%
Growthtop 27%
Techtop 31%
Talenttop 38%
Globaltop 45%
Producttop 46%
Markettop 47%
Funding: Raised $194M across 3 rounds · 3 rounds over 1 yrs (3.0/yr)
Customers: Play-Store rating 4.57★ across 63,352 ratings (1 apps)
rank vs industry peers · Fliar Intelligence Index 80/100
$194M6 mo agoSeries BJonathan Chan
Head of Partnership & Co-founder
Apple iCloud MailRadix UITailwind CSS+14Top 500k1 launch · 2 partnerships
7BabelFinance 🦄
Cryptocurrency-backed loans and deposit products and fund of funds
$120M48 mo agoSeries BDel Wang
Co-Founder
———
8The Sandbox 🦄
Online platform offering a user-generated metaverse with blockchain games for creative and immersive gaming…
74Tech top 22%Moat top 26%Funding top 31%Market top 33%
All 9 signals ▾
Techtop 22%
Moattop 26%
Fundingtop 31%
Markettop 33%
Talenttop 38%
Growthtop 45%
Producttop 46%
Newsbottom 46%
Globalbottom 39%
Tech: 57 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon Web Services
Moat: Editorial + unicorn rating 9/10 · Unicorn
rank vs industry peers · Fliar Intelligence Index 74/100
$115M24 mo agoSeries BSebastien Borget
Co-Founder & COO
WordPress Block EditorWordPressMySQL+26Top 500k1 launch
9AlloyX
Provider of stablecoin payment infrastructure, digital asset custody, and tokenization services
72Funding top 21%Talent top 23%Global top 45%
All 3 signals ▾
Fundingtop 21%
Talenttop 23%
Globaltop 45%
Funding: Raised $112M across 3 rounds · 3 rounds over 3 yrs (1.0/yr)
Talent: 5 named leaders on record · 5 C-suite/founder profiles curated
rank vs industry peers · Fliar Intelligence Index 72/100
$112M4 mo agoAcquiredThomas Zhu
Co-Founder and Chief Executive Officer
——8 job openings · 1 award
10Hex Trust
Custodian service for digital assets
67Growth top 28%Talent top 28%Moat top 31%Funding top 32%
All 10 signals ▾
Growthtop 28%
Talenttop 28%
Moattop 31%
Fundingtop 32%
Producttop 32%
Innovationtop 34%
Globaltop 46%
Techbottom 47%
Marketbottom 46%
Newsbottom 18%
Growth: Web rank 10,000,000 → 5,000,000 YoY · Fresh capital in last 24 mo
Talent: 3 named leaders on record · 3 C-suite/founder profiles curated
rank vs industry peers · Fliar Intelligence Index 67/100
$104M16 mo agoSeries BMarc Droz
Co-Founder
Webflowcore-jsjQuery+19Top 5M1 award
11HashKey 🦄
Cryptocurrency trading and exchange platform
62Funding top 23%Moat top 26%Product top 28%Tech top 31%
All 10 signals ▾
Fundingtop 23%
Moattop 26%
Producttop 28%
Techtop 31%
Talenttop 38%
Newstop 42%
Markettop 45%
Growthtop 45%
Customersbottom 42%
Globalbottom 36%
Funding: Raised $100M across 2 rounds · 2 rounds over 2 yrs (1.0/yr)
Moat: Editorial + unicorn rating 9/10 · Unicorn
rank vs industry peers · Fliar Intelligence Index 62/100
$100M16 mo agoPublicXiao Feng
Founder & Co-CEO
WixSentryZendesk+14Top 1M—
12XanPool
Fiat-gateway software solution for exchanges, wallets, and other cryptocurrency businesses
$73M42 mo agoDeadpooledArtem Ibragimov
Co-Founder
———
13Ebang International Holdings
Blockchain technology and cryptocurrency exchange platform
$72M63 mo agoPublicHu Dong
Founder & CEO
ReactReact RouterGSAP+5Top 50M—
14OmniPact
Developer of a trust settlement layer for Web3 value exchange
35Funding top 25%Tech top 46%Talent bottom 49%Market bottom 37%
All 5 signals ▾
Fundingtop 25%
Techtop 46%
Talentbottom 49%
Marketbottom 37%
Globalbottom 25%
Funding: Raised $50.0M across 1 rounds · 1 rounds over 1 yrs (1.0/yr)
Tech: 18 technologies across 4/8 capability areas · Cloud: Cloudflare, Vercel
rank vs industry peers · Fliar Intelligence Index 35/100
$50M3 mo agoSeries CAlex Johnson
Co-Founder & CEO
GitBookNode.jsRadix UI+12Top 5M—
15ParallelChain Lab
Blockchain-based network for the digital transaction and data protection
$50M44 mo agoFunding Raised—Node.jsRadix UITailwind CSS+14Top 50M—
16PlatON
Blockchain based data sharing platform
$50M68 mo agoSeries AFeng Xiao
Founder
Node.jsTailwind CSSReact+9Top 5M—
17Canaan
Developer of ASICs for block-chain computing
55Funding top 32%Growth top 35%Talent top 38%Moat top 39%
All 7 signals ▾
Fundingtop 32%
Growthtop 35%
Talenttop 38%
Moattop 39%
Markettop 47%
Techbottom 40%
Globalbottom 29%
Funding: Raised $43.7M across 5 rounds · 5 rounds over 9 yrs (0.6/yr)
Growth: Fresh capital in last 24 mo
rank vs industry peers · Fliar Intelligence Index 55/100
$44M15 mo agoPublicFertil Dieujuste
Founder & Director
DrupalPHPZURB Foundation+19Top 10M—
18SynFutures
Decentralized trading platform for synthetic assets
16Funding top 38%Tech top 39%Global bottom 38%Growth bottom 35%
All 5 signals ▾
Fundingtop 38%
Techtop 39%
Globalbottom 38%
Growthbottom 35%
Marketbottom 17%
Funding: Raised $38.0M across 3 rounds · 3 rounds over 5 yrs (0.6/yr)
Tech: 26 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3
rank vs industry peers · Fliar Intelligence Index 16/100
$38M31 mo agoSeries B—SentryAnt DesignReact+16Top 10M—
19Taiko
Online platform for decentralized zero knowledge rollup
$37M27 mo agoSeries A—Node.jsTypeScriptGraphQL+15Top 1M—
20Humanity Protocol 🦄
Developer of a decentralized identity blockchain protocol
64Tech top 22%Moat top 26%Market top 34%Funding top 37%
All 7 signals ▾
Techtop 22%
Moattop 26%
Markettop 34%
Fundingtop 37%
Talentbottom 49%
Growthbottom 48%
Globalbottom 38%
Tech: 50 technologies across 6/8 capability areas · Cloud: Amazon Ses, Amazon Web Services
Moat: Editorial + unicorn rating 9/10 · Unicorn
rank vs industry peers · Fliar Intelligence Index 64/100
$30M16 mo agoSeedTerence Kwok
CEO
Turbopackstyled-componentsNode.js+23Top 50k—
21Solv Finance
Blockchain-based network for financial institutions
48Talent top 28%Tech top 31%Funding top 32%Growth top 45%
All 7 signals ▾
Talenttop 28%
Techtop 31%
Fundingtop 32%
Growthtop 45%
Moattop 48%
Globalbottom 38%
Marketbottom 29%
Talent: 3 named leaders on record · 3 C-suite/founder profiles curated
Tech: 29 technologies across 5/8 capability areas · Cloud: Amazon Cloudfront, Amazon Web Services
rank vs industry peers · Fliar Intelligence Index 48/100
$26M20 mo agoSeries BWill Wang
Co-Founder & CTO
TypeScriptGraphQLNode.js+18Top 5M1 partnership
22Opinion Labs
Developer of decentralized prediction, opinion markets, and AI oracle platform
57Funding top 31%AI top 45%Talent bottom 45%Global bottom 38%
All 4 signals ▾
Fundingtop 31%
AItop 45%
Talentbottom 45%
Globalbottom 38%
Funding: Raised $25.0M across 2 rounds · 2 rounds over 2 yrs (1.0/yr)
AI: Product described with: ai-driven
rank vs industry peers · Fliar Intelligence Index 57/100
$25M4 mo agoSeedForrest Liu
Founder
———
23DeBank
Provider of a online crypto wallet
$25M53 mo agoSeries B—SentrySvelteReact+14Top 50k—
24Jan3.com
Provider of bitcoin adoption solutions, financial products, and digital asset services
29Tech top 39%Funding top 40%Growth top 45%Talent bottom 49%
All 6 signals ▾
Techtop 39%
Fundingtop 40%
Growthtop 45%
Talentbottom 49%
Globalbottom 38%
Marketbottom 18%
Tech: 33 technologies across 4/8 capability areas · Cloud: Cloudflare, Google Cloud
Funding: Raised $21.0M across 2 rounds · 2 rounds over 4 yrs (0.5/yr)
rank vs industry peers · Fliar Intelligence Index 29/100
$21M17 mo agoSeedSamson Mow
Founder & CEO
GhostNode.jsMediaElement.js+17Top 10M3 launchs
25OneKey
Digital wallet for cryptocurrencies
57Tech top 19%Growth top 33%Customers top 38%Funding top 43%
All 10 signals ▾
Techtop 19%
Growthtop 33%
Customerstop 38%
Fundingtop 43%
Talentbottom 49%
Productbottom 48%
Marketbottom 39%
Moatbottom 38%
Globalbottom 36%
Newsbottom 22%
Tech: 65 technologies across 6/8 capability areas · Cloud: Amazon Alb, Amazon Cloudfront
Growth: Web rank 5,000,000 → 1,000,000 YoY · App-install growth +40% YoY
rank vs industry peers · Fliar Intelligence Index 57/100
$20M12 mo agoSeries AYishi Wang
Founder
Cart FunctionalityShopifySentry+19Top 1M—
26ALEX
Blockchain-based infrastructure for the financial industry
$18M29 mo agoSeries ARachel Yu
Co-Founder
WebflowCart FunctionalityjsDelivr+9Top 50M—
27Kikitrade
Social trading platform for cryptocurrencies
$18M50 mo agoSeries AAllen Ng
Founder & CEO
Node.jsTailwind CSSAnt Design+21Top 50M—
28Auros
Algorithmic trading and market-making platform
$17M38 mo agoSeries B—WordPressApple iCloud MailMySQL+17Top 10M—
29Chainflip
Online exchange platform for cryptocurrencies
$16M30 mo agoSeries B—TurbopackSentryNode.js+14Top 5M1 launch
30Mocaverse
NFT collection and community platform
50Tech top 26%Talent top 38%Funding top 45%Growth top 45%
All 8 signals ▾
Techtop 26%
Talenttop 38%
Fundingtop 45%
Growthtop 45%
Marketbottom 39%
Globalbottom 38%
Moatbottom 38%
Newsbottom 18%
Tech: 41 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3
Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
rank vs industry peers · Fliar Intelligence Index 50/100
$15M18 mo agoSeries AYat Siu
Co-Founder
Google Sign-inHeadless UIReact+22Top 1M—
31OSL
Cloud-enabled brokerage trading solutions for cryptocurrencies
69Tech top 22%Funding top 33%Growth top 37%Product top 44%
All 11 signals ▾
Techtop 22%
Fundingtop 33%
Growthtop 37%
Producttop 44%
Markettop 45%
AItop 45%
Partnerstop 45%
Innovationtop 48%
Talentbottom 49%
Globalbottom 36%
Newsbottom 27%
Tech: 50 technologies across 7/8 capability areas · Cloud: Amazon Alb, Amazon Web Services
Funding: Raised $14.0M across 3 rounds · 3 rounds over 6 yrs (0.5/yr)
rank vs industry peers · Fliar Intelligence Index 69/100
$14M4 mo agoAcquiredWayne Trench
CEO
SentryAtlassian StatuspageZendesk+28Top 1M1 partnership · 4 awards
32Chainge
App-based platform for trading in cryptocurrency
$13M24 mo agoSeries BDejun Qian
Founder & CEO
anime.jsTailwind CSSReact+13Top 10M—
33SignalPlus
AI-enabled trading software suite for digital assets
48Growth top 28%Moat top 39%Funding top 40%AI top 45%
All 10 signals ▾
Growthtop 28%
Moattop 39%
Fundingtop 40%
AItop 45%
Producttop 46%
Techtop 47%
Talentbottom 49%
Globalbottom 38%
Marketbottom 26%
Newsbottom 18%
Growth: Web rank 10,000,000 → 5,000,000 YoY · Fresh capital in last 24 mo
Moat: Editorial + unicorn rating 7/10 · 9 curated direct competitors tracked
rank vs industry peers · Fliar Intelligence Index 48/100
$12M0 mo agoSeries BChris Yu
Co-Founder & CEO
SentryApple iCloud MailGoogle Workspace+14Top 5M—
34Metalpha
Digital asset-focused wealth management company providing financial services to institutional investors and…
$12M7 mo agoPublicAdrian Wang
Founder And Ceo
EChartsLayuiMatomo Analytics+10Top 50M—
35OpenSocial
Platform that enables users to create and engage with their own social communities
53AI top 20%Talent top 38%Funding top 39%Global bottom 38%
All 5 signals ▾
AItop 20%
Talenttop 38%
Fundingtop 39%
Globalbottom 38%
Marketbottom 37%
AI: Classified as an AI company
Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
rank vs industry peers · Fliar Intelligence Index 53/100
$11M22 mo agoSeries AHsinYa Man
Co-Founder
———
36NFTGO
Online marketplace for multiple NFTs
$11M37 mo agoSeedLowes Yang
Founder & CEO
ReadMeAlgoliaReact+10Top 50M—
37Psy
Developer of a privacy-preserving, scalable, and decentralized Layer 1 protocol
$11M23 mo agoSeedTony Lu
Co-Founder
Node.jsThree.jsRadix UI+10Top 500k—
38Phala Network
Blockchain smart contract provider
$10M29 mo agoSeedHang Yin
Co-Founder
Node.jsRadix UITailwind CSS+19Top 5M2 launchs
39QED
Zero-knowledge blockchain protocol
14News top 44%Funding top 47%Tech bottom 47%Talent bottom 45%
All 6 signals ▾
Newstop 44%
Fundingtop 47%
Techbottom 47%
Talentbottom 45%
Globalbottom 38%
Marketbottom 16%
News: 2 BI events in 12 mo (of 8 tracked, 4 types) · +100% YoY
Funding: Raised $9.2M · 2 rounds over 2 yrs (1.0/yr)
rank vs industry peers · Fliar Intelligence Index 14/100
$9M23 mo agoSeedCarter Feldman
Founder & CEO
Node.jsReactNext.js+8Top 50M—
40Terminal 3
Platform for decentralized storage and zero-knowledge proofs
$8M13 mo agoSeedJoey Liu
Co-Founder & COO
SentryNode.jsTailwind CSS+12Top 10M—
41Owlto
Decentralized cross-rollup bridge and interportability platform
40Tech top 43%Growth top 45%Talent bottom 49%Market bottom 45%
All 6 signals ▾
Techtop 43%
Growthtop 45%
Talentbottom 49%
Marketbottom 45%
Fundingbottom 44%
Globalbottom 38%
Tech: 23 technologies across 4/8 capability areas · Cloud: Cloudflare
Growth: Web rank 500,000 → 5,000,000 YoY · Fresh capital in last 24 mo
rank vs industry peers · Fliar Intelligence Index 40/100
$8M23 mo agoSeedLeo Ced
Co-Founder
TypeScriptElement UINaive UI+14Top 500k—
42Lumoz
Decentralized blockchain infrastructure platform
$6M22 mo agoSeedNanFeng
Co-Founder & CEO
GitBookNode.jsReact+8Top 50M—
43Yuliverse
Platform offering location-based, multiplayer interactive experience combining gaming and social networking
$6M24 mo agoSeedBen Z
Co-Founder
Node.jsNginxOpenResty+7Top 10M—
44Mamori
ML-enabled pathfinder for blockchain value extraction
$5M23 mo agoSeedAndy Lee
Founder
———
45Only1
NFT-based platform for social & creator economy
$5M25 mo agoSeries ALeon Lee
Founder & CEO
———
46Sleek
NFC-based Web3 Networking tool
$5M31 mo agoSeedChase Guo
Co-Founder
———
47Anichess
Provider of a blockchain-based chess game
$3M25 mo agoSeedChevan Tin
Co-Founder & Head of Anichess
Radix UITailwind CSSshadcn/ui+18Top 1M—
48Moongate
Modular web3 engagement layer for real-world activations
$3M26 mo agoAcquiredPeter Hui
Co-Founder
SentryUptimeRobotNode.js+20Top 5M—
49Mu Digital
Platform providing access to credit investments and portfolio management services
48Tech top 34%Talent top 38%Growth top 45%Funding top 46%
All 6 signals ▾
Techtop 34%
Talenttop 38%
Growthtop 45%
Fundingtop 46%
Globalbottom 48%
Marketbottom 37%
Tech: 38 technologies across 5/8 capability areas · Cloud: Amazon S3, Amazon Web Services
Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
rank vs industry peers · Fliar Intelligence Index 48/100
$2M6 mo agoSeedCholo Maputol
Co-Founder
Node.jsFirebaseRadix UI+16Top 5M—
50Sorted Wallet
Provider of non-custodial crypto wallet app
$2M20 mo agoSeedStephen Browne
Co-Founder & CEO
Tailwind CSSAstroAmazon Web Services+6Top 10M—

Top 12 Blockchain Technology companies in China

#1
Acquired · Hong Kong, Hong Kong · founded 2012
$112Mraised
▾

Provider of stablecoin payment infrastructure, digital asset custody, and tokenization services. The company delivers fiat-to-stablecoin solutions, embedded wallets, and multi-chain infrastructure. It supports payments, custody, settlement, investment, and asset tokenization. The platform facilitates sending and receiving stablecoin payments, currency exchange, and integration of crypto payments. It also offers real world asset tokenization.

Fliar Intelligence Index™ 72how this company ranks against its industry peers
Funding
top 21%
Talent
top 23%
Global
top 45%
Funding: Raised $112M across 3 rounds · 3 rounds over 3 yrs (1.0/yr) · Last round Post IPO (Feb 2026)
Talent: 5 named leaders on record · 5 C-suite/founder profiles curated
Global: Investors from 6 countries beyond China
Audience (LinkedIn): 9k LinkedIn followers
Hiring (LinkedIn): 8 hiring posts in 12 mo (public) · momentum +8 · hiring: Director of Information Security (Stablecoin), Stablecoin Product Lead
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
  • Feb 2026Post IPO$100M
  • Dec 2024Seed$10M
  • Jun 2023Seed$2M
Founders & team
Thomas ZhuCo-Founder and Chief Executive OfficerThomas ZhuCo-Founder & CEOJun XiaManaging Director of Operations
Investors
Offchain Labs, PMT, The Arbitrum Foundation, Kiln, Thesolomonfoundation, Fern Network
#2
Series B · Hong Kong, Hong Kong · founded 2023
$194Mraised
▾

Provider of cryptocurrency payment card and app. It offers a cryptocurrency card for crypto payments. It provides a range of services, including instant approval for virtual and physical cards deposit of crypto, and management of digital assets.

Fliar Intelligence Index™ 80how this company ranks against its industry peers
Funding
top 15%
Customers
top 20%
Growth
top 27%
Tech
top 31%
Talent
top 38%
Global
top 45%
Funding: Raised $194M across 3 rounds · 3 rounds over 1 yrs (3.0/yr) · Last round Series B (Dec 2025)
Customers: Play-Store rating 4.57★ across 63,352 ratings (1 apps)
Growth: App-install growth +86% YoY · Fresh capital in last 24 mo
Audience (LinkedIn): 32k LinkedIn followers — 6.3% of this cohort's audience · 28 engagements/post (2.7× cohort median)
Activity (LinkedIn): 1 product launches · 2 partnerships (incl. OpenPayd) announced in 12 mo
Funding rounds
  • Dec 2025Series B$107M
  • Sep 2025Series B$47M
  • Mar 2025Series A$40M
Founders & team
Jonathan ChanHead of Partnership & Co-founderMichael GaoCo-Founder & CEO
Investors
Lightspeed Venture Partners, HSG, Galaxy, DST Global, Accel, Vertex Ventures
Tech stack
Alpine.JsAmazon SesAmazon Web ServicesApple Icloud MailAstroBamboohr
#3
Series C · Hong Kong, Hong Kong · founded 2024
$50Mraised
▾

Developer of a trust settlement layer for Web3 value exchange. The system provides secure trust protection for on-chain value exchange through code and consensus. It uses a deterministic execution escrow system based on finite state machines. A decentralized arbitration network triggers when code cannot cover real-world complexity. The sovereign identity system uses zero-knowledge proofs, where reputation is an asset.

Fliar Intelligence Index™ 35how this company ranks against its industry peers
Funding
top 25%
Tech
top 46%
Talent
bottom 49%
Market
bottom 37%
Global
bottom 25%
Funding: Raised $50.0M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) · Last round Series C (Mar 2026)
Tech: 18 technologies across 4/8 capability areas · Cloud: Cloudflare, Vercel · Devops: Nginx
Talent: 1 named leader on record · 1 C-suite/founder profile curated
Funding rounds
  • Mar 2026Series C$50M
Founders & team
Alex JohnsonCo-Founder & CEO
Tech stack
CloudflareGitbookGodaddyHstsHttp/3Next.Js
#4
Series B · Hong Kong, Hong Kong · founded 2021 · 12 employees
$12Mraised
▾

AI-enabled trading software suite for digital assets. Provides Trading Toolkit Pro, a dashboard for trading analytics, risk assessment, and backtesting, Market Making Robot, an AI-powered trading bot, and more. Also provides an options trading platform built for retail investors.

Fliar Intelligence Index™ 48how this company ranks against its industry peers
Growth
top 28%
Moat
top 39%
Funding
top 40%
AI
top 45%
Product
top 46%
Tech
top 47%
Growth: Web rank 10,000,000 → 5,000,000 YoY · Fresh capital in last 24 mo
Moat: Editorial + unicorn rating 7/10 · 9 curated direct competitors tracked
Funding: Raised $12.0M across 3 rounds · 3 rounds over 4 yrs (0.8/yr) · Last round Series B (May 2026)
Funding rounds
  • May 2026Series B$40M
  • Jan 2025Series B$11M
  • Aug 2022Series A$12M
Founders & team
Chris YuCo-Founder & CEO
Investors
GBV Capital, Incuba, Paradigm, SNZ, CHIRON, HashKey Capital
Tech stack
Amazon CloudfrontAmazon Web ServicesAnt DesignApple Icloud MailCloudflareCloudflare Bot Management
#5
Series C · Kowloon, Hong Kong · founded 2006 · 177 employees
$870.2Mraised
▾

Developer of blockchain-based PC and mobile games. It develops and publishes blockchain games, traditional games, and other products. The company focuses on the development of racing and strategy-based NFT games which includes the sandbox, crazy kings, and crazy defense heroes. It also provides cloud authentication services and collaborate with formula one to develop blockchain games.

Fliar Intelligence Index™ 67how this company ranks against its industry peers
Customers
top 19%
Funding
top 22%
Tech
top 26%
Moat
top 26%
Product
top 35%
Market
top 36%
Customers: Play-Store rating 4.60★ across 1,233,119 ratings (3 apps) · Review volume +0% in 6 mo · Marquee-customer mentions: top 17% of tracked companies
Funding: Raised $870M across 20 rounds · 20 rounds over 15 yrs (1.3/yr) · Last round Series C (Nov 2024)
Tech: 40 technologies across 6/8 capability areas · Cloud: Cloudflare, Google Cloud · Devops: Nginx
Audience (LinkedIn): 59k LinkedIn followers — 11.6% of this cohort's audience
Activity (LinkedIn): 1 partnerships (incl. Inveo Kripto and Ichain Investment Holding) announced in 12 mo
Funding rounds
  • Nov 2024Series C$10M
  • Sep 2023Series C$31.9M
  • Sep 2022Series C$38M
  • Aug 2022Series C$110M
Founders & team
David KimCo-FounderRobby YungCEO
Investors
CMCC Global, Kingsway Capital, Liberty City Ventures, GameFi Ventures, OKX, Foresight Ventures
Tech stack
Apple Icloud MailCloudflareContentsquareGoogle AnalyticsGoogle CloudGoogle Cloud Cdn
#6
Seed · Hong Kong, Hong Kong · founded 2023
$25Mraised
▾

Developer of decentralized prediction, opinion markets, and AI oracle platform. The company provides a platform for predictive trading, opinion aggregation, and AI-driven insights. It offers decentralized prediction and dynamic opinion markets. The platform aims to provide transparent and objective information. It facilitates trading and portfolio management.

Fliar Intelligence Index™ 57how this company ranks against its industry peers
Funding
top 31%
AI
top 45%
Talent
bottom 45%
Global
bottom 38%
Funding: Raised $25.0M across 2 rounds · 2 rounds over 2 yrs (1.0/yr) · Last round Seed (Feb 2026)
AI: Product described with: ai-driven
Talent: 1 named leader on record
Funding rounds
  • Feb 2026Seed$20M
  • Mar 2025Seed$5M
  • Aug 2024Seed—
Founders & team
Forrest LiuFounder
Investors
Binance, YZi Labs, Animoca Ventures, Manifold, Amber Group, Echo
#7
Acquired · Hong Kong, Hong Kong · founded 2018 · 237 employees
$14Mraised
▾

Cloud-enabled brokerage trading solutions for cryptocurrencies. It offers solutions such as brokerage trading platform for BTC and ETH, exchange platforms for cryptocurrencies, custodian solutions for digital assets, and more. It also provides cloud-enabled onboarding solutions for investors.

Fliar Intelligence Index™ 69how this company ranks against its industry peers
Tech
top 22%
Funding
top 33%
Growth
top 37%
Product
top 44%
Market
top 45%
AI
top 45%
Tech: 50 technologies across 7/8 capability areas · Cloud: Amazon Alb, Amazon Web Services · Devops: Envoy
Funding: Raised $14.0M across 3 rounds · 3 rounds over 6 yrs (0.5/yr) · Last round Post IPO (Jan 2026)
Growth: 1 acquisition/expansion move in 24 mo · Fresh capital in last 24 mo
Audience (LinkedIn): 105k LinkedIn followers — 20.6% of this cohort's audience
Activity (LinkedIn): 1 partnerships · 4 awards (incl. Jello Card) announced in 12 mo
Funding rounds
  • Jan 2026Post IPO$200M
  • Jul 2025Post IPO$300M
  • Feb 2020Series A$14M
Founders & team
Wayne TrenchCEO
Investors
Fidelity Investments, Yolo Investments
Tech stack
AdaAmazon Web ServicesAnt DesignAtlassian StatuspageBamboohrCloudflare
#8
Series B · Hong Kong, Hong Kong · founded 2018 · 100 employees
$104Mraised
▾

Custodian service for digital assets. It offers an enterprise grade multi currency custody platform. It provides cold, frozen, and ZeroKey wallet services to secure cryptocurrency. It offers APIs, on-chain segregation for transactions, multiple-factor authentication, real-time monitoring, and KYC, AML validation service. It offers fully regulated institutional digital asset custody, staking and markets services to builders, investors and service providers.

Fliar Intelligence Index™ 67how this company ranks against its industry peers
Growth
top 28%
Talent
top 28%
Moat
top 31%
Funding
top 32%
Product
top 32%
Innovation
top 34%
Growth: Web rank 10,000,000 → 5,000,000 YoY · Fresh capital in last 24 mo
Talent: 3 named leaders on record · 3 C-suite/founder profiles curated
Moat: Editorial + unicorn rating 8/10 · Soonicorn · 9 curated direct competitors tracked
Audience (LinkedIn): 67k LinkedIn followers — 13.2% of this cohort's audience · 20 engagements/post (1.8× cohort median)
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
  • Feb 2025Series B—
  • Mar 2022Series B$88M
  • Oct 2021Series A$10M
  • Jul 2021Series A—
Founders & team
Marc DrozCo-FounderAlessio QuagliniCo-Founder & CEORafal CzerniawskiCo-Founder & CTO
Investors
QBN Capital, Radiant Tech Ventures, HashKey, Kinetic Capital Partners, Fenbushi Capital, Borderless Capital
Tech stack
CloudflareCloudflare Bot ManagementCloudflare TurnstileCore-JsGoogle AnalyticsGoogle Font Api
#9
HashKey 🦄
Public · Hong Kong, Hong Kong · founded 2018
$100Mraised
▾

Cryptocurrency trading and exchange platform. It offers a platform that enables users to buy, sell, exchange, and trade cryptocurrencies like Bitcoin and Ethereum. It enables users to trade in spot markets. It also offers virtual asset trading services. Its app is available for Android and iOS users.

Fliar Intelligence Index™ 62how this company ranks against its industry peers
Funding
top 23%
Moat
top 26%
Product
top 28%
Tech
top 31%
Talent
top 38%
News
top 42%
Funding: Raised $100M across 2 rounds · 2 rounds over 2 yrs (1.0/yr) · Last round Series A (Feb 2025)
Moat: Editorial + unicorn rating 9/10 · Unicorn · 10 curated direct competitors tracked
Product: 1 published app (163k installs) · Company stage: Public
Audience (LinkedIn): 41k LinkedIn followers — 8.0% of this cohort's audience
Funding rounds
  • Feb 2025Series A$30M
  • Jan 2024Series A$100M
Founders & team
Xiao FengFounder & Co-CEODeng ChaoCo-CEO & Managing Director
Investors
OKX, Gaorong Capital
Tech stack
Apple Sign-InBootstrapCloudflareCloudflare Bot ManagementCore-JsDocusign
#10
Public · Hong Kong, Hong Kong · founded 2021 · 49 employees
$12Mraised
▾

Metalpha Technology Holding Limited is a digital asset-focused wealth management company that provides investment solutions for institutional investors and high-net-worth individuals. The company offers a range of services including investment management, trading, and portfolio optimization. With a presence in Hong Kong and the United States, Metalpha aims to expand its presence in the digital asset wealth management market. The company is listed on the NASDAQ stock exchange under the ticker symbol MATH.

Funding rounds
  • Oct 2025Post IPO$12M
Founders & team
Adrian WangFounder And CeoLimin LiuCo-CEO
Investors
Avenir Group, Gortune Investment
Tech stack
CloudflareCloudflare Browser InsightsCloudflare Rocket LoaderEchartsFont AwesomeGoogle Analytics
#11
Public · Hangzhou, Zhejiang · founded 2013 · 541 employees
$43.7Mraised
▾

Developer of ASICs for block-chain computing. Its chief offering is a mining chip. It also offers semiconductor chips for repetitive computing. It has use cases in multiple industries including smart homes, healthcare, education, and the agriculture industry.

Fliar Intelligence Index™ 55how this company ranks against its industry peers
Funding
top 32%
Growth
top 35%
Talent
top 38%
Moat
top 39%
Market
top 47%
Tech
bottom 40%
Funding: Raised $43.7M across 5 rounds · 5 rounds over 9 yrs (0.6/yr) · Last round Post IPO (Mar 2025)
Growth: Fresh capital in last 24 mo
Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
Funding rounds
  • Mar 2025Post IPO$200M
  • Nov 2024Post IPO$30M
  • Sep 2024Post IPO$50M
  • Dec 2023Post IPO$25M
Founders & team
Fertil DieujusteFounder & DirectorNG ZhangFounder & CEO
Investors
Tunlan Captial, Jin Jiang International, Fundamental Labs, Baopu Asset Management
Tech stack
Acquia Cloud PlatformAcquia Cloud Site FactoryAdobe AnalyticsAdobe Experience Platform Identity ServiceAdobe Experience Platform LaunchAkamai
#12
Series A · Hong Kong, Hong Kong · founded 2020
$20Mraised
▾

Digital wallet for cryptocurrencies. The company offers a platform that provides a range of services linked to cryptocurrencies, such as an open-source crypto wallet for handling and trading NFTs and crypto assets, a crypto hardware wallet for DeFi and NFTs, and a crypto card for everyday spending.

Fliar Intelligence Index™ 57how this company ranks against its industry peers
Tech
top 19%
Growth
top 33%
Customers
top 38%
Funding
top 43%
Talent
bottom 49%
Product
bottom 48%
Tech: 65 technologies across 6/8 capability areas · Cloud: Amazon Alb, Amazon Cloudfront · Devops: Envoy, Nginx
Growth: Web rank 5,000,000 → 1,000,000 YoY · App-install growth +40% YoY · Fresh capital in last 24 mo
Customers: Play-Store rating 4.17★ across 1,565 ratings (1 apps) · Review volume +35% in 6 mo
Audience (LinkedIn): 833 LinkedIn followers
Funding rounds
  • Jun 2025Series A—
  • Sep 2022Series A$20M
Founders & team
Yishi WangFounder
Investors
DRAGONFLY, Ribbit Capital, Coinbase, Framework Ventures, Sky9 Capital, Folius Ventures
Tech stack
AhrefsBootstrapCloudflareCloudflare Bot ManagementCloudflare Browser InsightsCore-Js

Funding & investor landscape

$5.8Btotal disclosed funding
163companies funded
256disclosed rounds
2rounds last 90 days
Most active investors
NGC Ventures22 rounds
SNZ16 rounds
Animoca Brands15 rounds
OKX15 rounds
IOSG Ventures12 rounds
Fenbushi Capital11 rounds
DFG10 rounds
Fundamental Labs10 rounds
HashKey10 rounds
Shanghai Jieshi Investment Management10 rounds

Notable founders

Thomas Zhu
Co-Founder and Chief Executive Officer · AlloyX
Jonathan Chan
Head of Partnership & Co-founder · RedotPay
Michael Gao
Co-Founder & CEO · RedotPay
Alex Johnson
Co-Founder & CEO · OmniPact
Chris Yu
Co-Founder & CEO · SignalPlus
David Kim
Co-Founder · Animoca Brands
Robby Yung
CEO · Animoca Brands
Forrest Liu
Founder · Opinion Labs
Wayne Trench
CEO · OSL
Marc Droz
Co-Founder · Hex Trust
Alessio Quaglini
Co-Founder & CEO · Hex Trust
Xiao Feng
Founder & Co-CEO · HashKey
Prism market signals · China · country-scoped Prism corpus, 3,823,298 docs

Market landscape — 10 sub-themes by coverage

Share of Blockchain Technology coverage by sub-theme.

Regulatory-risk over time rising

Funding & growth over time

funding rising · growth rising

RESEARCH SIGNALS · China

How research on Blockchain is moving in China

A read on the academic research around Blockchain — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 8,470 China-affiliated papers.

research sentiment over time
201620212026
enthusiastic · positive · guarded tone
Tone is overwhelmingly optimistic and intensifying — the enthusiastic (strongly-positive) share moved 52% → 55% across 2016–2026.
top research entities
  • Beijing University of Posts and Telecommunications343
  • University of Electronic Science and Technology of China283
  • Chinese Academy of Sciences212
  • Xidian University185
  • Beijing Institute of Technology183
leading researchers
Liehuang Zhu · Zibin Zheng · Yang Liu · Wei Wang · Debiao He · F. Richard Yu · Dusit Niyato · Yan Zhang
▲ Breakthroughs4,036 · 48%
47%→47% share
▲1.0× share momentum3 median citations92% since 2021mostly methods-led
Computer security research is surging — papers exploded from 15 to 2,044, dominating blockchain breakthrough output.
rising sub-themes (early→recent)
  • Computer security15→2044
  • Computer network2→567
  • Distributed computing1→476
  • Scheme (mathematics)3→411
  • Database transaction4→351
Newly emergingEncryption 0→292 · Authentication (law) 0→217 · Internet privacy 0→149
Landmark MeDShare: Trust-Less Medical Data Sharing Among Cloud Service Providers via Blockchain · 1,140 cites
◆ Advancements3,269 · 39%
▲ 33%→39% share
▲1.2× share momentum2 median citations94% since 2021mostly methods-led
Supply chain applications newly emerged with 371 papers, signaling rapid practical blockchain deployment focus.
rising sub-themes (early→recent)
  • Computer security5→1373
  • Database transaction3→339
  • Distributed computing2→335
  • Scheme (mathematics)1→247
  • Smart contract1→245
Newly emergingSupply chain 0→371 · Computer network 0→286 · Traceability 0→259
Landmark Blockchain and Federated Learning for Privacy-Preserved Data Sharing in Industrial IoT · 1,190 cites
▼ Concerns787 · 9%
▼ 16%→9% share
▼0.6× share momentum2 median citations93% since 2021mostly reviews
Concern-segment field-share shrank 16%→9% despite Computer security rising 3→343 papers, suggesting narrowing risk awareness.
rising sub-themes (early→recent)
  • Computer security3→343
  • Supply chain3→135
  • Traceability1→69
  • Smart contract2→57
  • Supply chain management1→48
Newly emergingData science 0→58 · Transparency (behavior) 0→52 · Database transaction 0→48
Landmark Blockchain challenges and opportunities: a survey · 3,163 cites
RESEARCH HOTSPOTS · China

Where blockchain is researched across China

Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.

Beijing1593 · +0.69
Hot · Computer securityAdvancing · Computer networkOpportunity · TrustworthinessConcern · Open research
Nanjing660 · +0.65
Hot · Computer securityAdvancing · Computer networkOpportunity · World Wide WebConcern · Philosophy
Shanghai627 · +0.62
Hot · Computer securityAdvancing · Database transactionOpportunity · EncryptionConcern · Sustainable development
Guangzhou/Shenzhen618 · +0.59
Hot · Computer securityAdvancing · Distributed computingOpportunity · Process managementConcern · Profitability index
Wuhan337 · +0.64
Hot · Computer securityAdvancing · Data accessOpportunity · Information privacyConcern · Accounting
Hangzhou267 · +0.62
Hot · StandardizationAdvancing · BiddingOpportunity · Computer networkConcern · Focus (optics)
Hefei139 · +0.68
Hot · RevenueAdvancing · Transmission (telecommunications)Opportunity · Distributed computingConcern · Computer security
Harbin119 · +0.63
Hot · AgricultureAdvancing · Supply chain risk managementOpportunity · Supply chainConcern · Marketing
PATENT SIGNAL · China

Who's filing blockchain patents in China

China blockchain patent filing is accelerating — 3,789 filings from 653 assignees (2018–2025), led by Alipay Hangzhou INF TECH, Alibaba Group Holding, Tencent TECH Shenzhen; annual filings 49→323.

3,789 filings653 assigneespeak 811/yr2018–2025
filing momentum (YoY 2018–2025)
top patent filers
  • Alipay Hangzhou INF TECH735
  • Alibaba Group Holding381
  • Tencent TECH Shenzhen369
  • ANT Blockchain TECH Shanghai160
  • One Connect Smart TECH Shenzhen122
  • Huawei TECH114
  • Advanced New Technologies96
  • Webank82

Common questions

How many Blockchain Technology companies are there in China?
Radar tracks 630 indexable Blockchain Technology companies headquartered in China that meet our profile-completeness bar.
What is the total funding raised by Blockchain Technology companies in China?
The Blockchain Technology companies in China on this list have raised a combined $5.8B in disclosed equity funding across 163 funded companies.
Which is the highest-funded Blockchain Technology company in China?
Bitfinex is the highest-funded Blockchain Technology company in China, with $1B in disclosed equity funding.
How many Blockchain Technology companies in China are funded?
163 of the 630 Blockchain Technology companies in China on this list have disclosed at least one equity funding round.
How many Blockchain Technology unicorns are there in China?
7 Blockchain Technology companies in China on this list are valued at $1B or more.
Who are the top investors in China Blockchain Technology companies?
The most active investors in China Blockchain Technology companies on this list include NGC Ventures, SNZ, Animoca Brands, OKX, IOSG Ventures.
Rohit KhannaTrends & Stories

Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.

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