Radar · Cryptocurrencies in China
Best Cryptocurrencies Companies in China
The 364 best Cryptocurrencies companies in China in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Bitfinex.
By Rohit KhannaTrends & Stories
364companies tracked
$4.2Bdisclosed funding
5unicorns
106have raised
China's Cryptocurrencies sector has more capital behind it than most people realize. We're tracking 364 companies here, ranked by disclosed equity funding and recent momentum, with a combined $4.2B raised and five unicorns in the mix. RedotPay leads the board at $194M, AlloyX sits at $112M, and Hex Trust and HashKey are both north of $100M. That's a concentrated pool of outsized earners pulling the average up hard. The market's growing at a 4.6% CAGR, driven by crypto-as-payment adoption, savings use cases, and a transparency argument that keeps institutional money interested even when sentiment wobbles.
So what's the live story right now? Stablecoin flows are getting serious attention, and stablecoin fx dynamics are reshaping how margin and high-leverage positions get structured across retail desks. At the same time, AI-linked cybercrime flagged in the IOCTA 2026 report is pushing security and privacy concerns right back to the front of every compliance conversation, which matters in a market where regulatory status is still uncertain. Investors like NGC Ventures, OKX, and Dragonfly are still writing checks, but if you're reading this to understand where China's crypto capital is concentrating, the answer's in payments infrastructure and custody, not speculation.
FLIAR INTELLIGENCE · CRYPTOCURRENCIES × CHINA
Our analysis of 50 Cryptocurrencies companies
$7.1b in tracked funding; 100% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2026.
50companies analysed
100%cloud-native stacks
2026funding peak (by rounds)
10unicorns
2020median founding year
361kcombined LinkedIn audience
61%of audience held by top 3
3companies hiring publicly (12 mo)
Ranked: Best Cryptocurrencies companies in China
| # | Company | Disclosed funding | Last round | Stage | Employees | Founder | Tech stack | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Bitfinex 🦄 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 | $1.0B | 85 mo ago | Funding Raised | 287 | — | WordPressMySQLPHP+36 | — |
| 2 | BITMAIN 🦄 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 | $950M | 94 mo ago | Series C | 1,000 | Micree Zhan Co-Founder & CEO | Node.jsVue.jsNuxt.js+11 | 2 launchs |
| 3 | BC 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 | $287M | 31 mo ago | Public | 119 | Hugh Madden CEO | — | — |
| 4 | Hyperchain Provider of enterprise blockchain platform and solutions | $234M | 62 mo ago | Series C | — | Li Wei Co-Founder & CEO | — | — |
| 5 | RedotPay 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 | $194M | 6 mo ago | Series B | — | Jonathan Chan Head of Partnership & Co-founder | Apple iCloud MailRadix UITailwind CSS+14 | 1 launch · 2 partnerships |
| 6 | BabelFinance 🦄 Cryptocurrency-backed loans and deposit products and fund of funds | $120M | 48 mo ago | Series B | 170 | Del Wang Co-Founder | — | — |
| 7 | AlloyX 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 | $112M | 4 mo ago | Acquired | — | Thomas Zhu Co-Founder and Chief Executive Officer | — | 8 job openings · 1 award |
| 8 | Hex 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 | $104M | 16 mo ago | Series B | 100 | Marc Droz Co-Founder | Webflowcore-jsjQuery+19 | 1 award |
| 9 | HashKey 🦄 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 | $100M | 16 mo ago | Public | — | Xiao Feng Founder & Co-CEO | WixSentryZendesk+14 | — |
| 10 | XanPool Fiat-gateway software solution for exchanges, wallets, and other cryptocurrency businesses | $73M | 42 mo ago | Deadpooled | 90 | Artem Ibragimov Co-Founder | — | — |
| 11 | Ebang International Holdings Blockchain technology and cryptocurrency exchange platform | $72M | 63 mo ago | Public | 41 | Hu Dong Founder & CEO | ReactReact RouterGSAP+5 | — |
| 12 | Distributed Credit Chain Distributed banking public blockchain | $49M | 96 mo ago | Funding Raised | — | Stewie Zhu Founder & CEO | — | — |
| 13 | Qingsongchou Reward-based crowdfunding based platform | $48M | 106 mo ago | Series C | — | Yin Yang Co-Founder & CEO | — | — |
| 14 | Canaan 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 | $44M | 15 mo ago | Public | 541 | Fertil Dieujuste Founder & Director | DrupalPHPZURB Foundation+19 | — |
| 15 | ICON Cryptocurrency exchange platform | $43M | 104 mo ago | Funding Raised | 4 | — | — | — |
| 16 | SynFutures 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 | $38M | 31 mo ago | Series B | 14 | — | SentryAnt DesignReact+16 | — |
| 17 | Cybermiles Blockchain-based smart contract templates for the e-commerce industry | $32M | 102 mo ago | Funding Raised | 12 | Michael Yuan Co-Founder & CSO | — | — |
| 18 | Humanity 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 | $30M | 16 mo ago | Seed | — | Terence Kwok CEO | Turbopackstyled-componentsNode.js+23 | — |
| 19 | Red Date Technology Decentralized infrastructure for the digital economy and smart cities | $30M | 60 mo ago | Series A | 200 | Yifan He CEO | — | 1 partnership |
| 20 | Instant Exchange Digital asset trading platform | $30M | 85 mo ago | Deadpooled | 200 | — | — | — |
| 21 | Easy Pay Chain Blockchain-based cross-border payment & asset transfer platform | $30M | 94 mo ago | Deadpooled | — | Brandon Clark CEO | — | — |
| 22 | Solv 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 | $26M | 20 mo ago | Series B | 19 | Will Wang Co-Founder & CTO | TypeScriptGraphQLNode.js+18 | 1 partnership |
| 23 | DeBank Provider of a online crypto wallet | $25M | 53 mo ago | Series B | 8 | — | SentrySvelteReact+14 | — |
| 24 | RioChain Decentralized digital wallet & explorer for cryptocurrencies | $22M | 69 mo ago | Funding Raised | — | James Anderson Co-Founder & CEO | — | — |
| 25 | Bubi Network Technology Blockchain development platform | $21M | 103 mo ago | Series A | — | Hai Jiang CEO | — | — |
| 26 | Jan3.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 | $21M | 17 mo ago | Seed | 5 | Samson Mow Founder & CEO | GhostNode.jsMediaElement.js+17 | 3 launchs |
| 27 | OneKey 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 | $20M | 12 mo ago | Series A | — | Yishi Wang Founder | Cart FunctionalityShopifySentry+19 | — |
| 28 | BitCoke Online trading platform for cryptocurrency | $20M | 50 mo ago | Series B | — | Pietro Riccio CEO | — | — |
| 29 | Oddup Data driven approach to assess invest-ability of startups | $20M | 57 mo ago | Series C | 40 | Jackie Lam Co-Founder | WebflowjQuery CDNGoogle Hosted Libraries+7 | — |
| 30 | ALEX Blockchain-based infrastructure for the financial industry | $18M | 29 mo ago | Series A | 6 | Rachel Yu Co-Founder | WebflowCart FunctionalityjsDelivr+9 | — |
| 31 | Kikitrade Social trading platform for cryptocurrencies | $18M | 50 mo ago | Series A | 57 | Allen Ng Founder & CEO | Node.jsTailwind CSSAnt Design+21 | — |
| 32 | Auros Algorithmic trading and market-making platform | $17M | 38 mo ago | Series B | 4 | — | WordPressApple iCloud MailMySQL+17 | — |
| 33 | Yunphant Provider of a blockchain platform for financial applications | $16M | 60 mo ago | Series B | 15 | Huang Butian Founder & Chairman & CEO | — | — |
| 34 | Chainflip Online exchange platform for cryptocurrencies | $16M | 30 mo ago | Series B | 26 | — | TurbopackSentryNode.js+14 | 1 launch |
| 35 | OSL 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 | $14M | 4 mo ago | Acquired | 237 | Wayne Trench CEO | SentryAtlassian StatuspageZendesk+28 | 1 partnership · 4 awards |
| 36 | Chainge App-based platform for trading in cryptocurrency | $13M | 24 mo ago | Series B | — | Dejun Qian Founder & CEO | anime.jsTailwind CSSReact+13 | — |
| 37 | SignalPlus 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 | $12M | 0 mo ago | Series B | 12 | Chris Yu Co-Founder & CEO | SentryApple iCloud MailGoogle Workspace+14 | — |
| 38 | CoinFLEX Online trading platform for cryptocurrencies | $11M | 63 mo ago | Series A | 36 | — | — | — |
| 39 | OpenSocial 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 | $11M | 22 mo ago | Series A | — | HsinYa Man Co-Founder | — | — |
| 40 | QED 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 | $9M | 23 mo ago | Seed | — | Carter Feldman Founder & CEO | Node.jsReactNext.js+8 | — |
| 41 | Owlto 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 | $8M | 23 mo ago | Seed | — | Leo Ced Co-Founder | TypeScriptElement UINaive UI+14 | — |
| 42 | Gryfyn NFT-centric wallet for web3 ecosystem | $8M | 38 mo ago | Series A | — | Gryfyn Wallet CEO | — | — |
| 43 | Linear Finance Trading platform for cryptocurrencies | $8M | 47 mo ago | Seed | — | Kevin Tai Co-Founder And Soon To Be Dao Member | BootstrapAmazon ALBAmazon Web Services+5 | — |
| 44 | CoinMetro Financial services platform to trade and exchange crypto | $7M | 43 mo ago | Series A | 69 | Kevin Murcko CEO | StorybookJSSEmotion+26 | — |
| 45 | Finblox Platform offering trading of crypto assets | $4M | 37 mo ago | Seed | 25 | Peter Hoang Co-Founder & CEO | SentryRadix UIHeadless UI+13 | — |
| 46 | unshETH A diversified liquid-staked ETH basket | $3M | 34 mo ago | Seed | — | Keshav Aggarwal CEO | — | — |
| 47 | Mu 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 | $2M | 6 mo ago | Seed | — | Cholo Maputol Co-Founder | Node.jsFirebaseRadix UI+16 | — |
| 48 | Sorted Wallet Provider of non-custodial crypto wallet app | $2M | 20 mo ago | Seed | — | Stephen Browne Co-Founder & CEO | Tailwind CSSAstroAmazon Web Services+6 | — |
| 49 | RootData Online platform offering cryptocurrency projects database | $1M | 26 mo ago | Seed | — | QuanYu Co-Founder & CIO | Node.jsElement UIVuetify+13 | 2 launchs · 4 partnerships |
| 50 | Ordify Provider of a suite of products designed across diverse blockchain networks | $1M | 26 mo ago | Funding Raised | — | Atila CEO | Radix UITailwind CSSshadcn/ui+5 | — |
Top 12 Cryptocurrencies companies in China
#1
Acquired · Hong Kong, Hong Kong · founded 2012$112Mraised▾
Acquired · Hong Kong, Hong Kong · founded 2012
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 — 2.5% of this cohort's audience
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
Investors
Offchain Labs, PMT, The Arbitrum Foundation, Kiln, Thesolomonfoundation, Fern Network
#2
Series B · Hong Kong, Hong Kong · founded 2023$194Mraised▾
Series B · Hong Kong, Hong Kong · founded 2023
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 — 8.9% 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
Investors
Lightspeed Venture Partners, HSG, Galaxy, DST Global, Accel, Vertex Ventures
Tech stack
Alpine.JsAmazon SesAmazon Web ServicesApple Icloud MailAstroBamboohr
#3
Series B · Hong Kong, Hong Kong · founded 2021 · 12 employees$12Mraised▾
Series B · Hong Kong, Hong Kong · founded 2021 · 12 employees
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
Investors
GBV Capital, Incuba, Paradigm, SNZ, CHIRON, HashKey Capital
Tech stack
Amazon CloudfrontAmazon Web ServicesAnt DesignApple Icloud MailCloudflareCloudflare Bot Management
#4
Acquired · Hong Kong, Hong Kong · founded 2018 · 237 employees$14Mraised▾
Acquired · Hong Kong, Hong Kong · founded 2018 · 237 employees
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 — 29.1% 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
Investors
Fidelity Investments, Yolo Investments
Tech stack
AdaAmazon Web ServicesAnt DesignAtlassian StatuspageBamboohrCloudflare
#5
Series B · Hong Kong, Hong Kong · founded 2018 · 100 employees$104Mraised▾
Series B · Hong Kong, Hong Kong · founded 2018 · 100 employees
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 — 18.6% 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
Investors
QBN Capital, Radiant Tech Ventures, HashKey, Kinetic Capital Partners, Fenbushi Capital, Borderless Capital
Tech stack
CloudflareCloudflare Bot ManagementCloudflare TurnstileCore-JsGoogle AnalyticsGoogle Font Api
#6
HashKey 🦄Public · Hong Kong, Hong Kong · founded 2018$100Mraised▾
HashKey 🦄
Public · Hong Kong, Hong Kong · founded 2018
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 — 11.3% of this cohort's audience
Funding rounds
- Feb 2025Series A$30M
- Jan 2024Series A$100M
Founders & team
Investors
OKX, Gaorong Capital
Tech stack
Apple Sign-InBootstrapCloudflareCloudflare Bot ManagementCore-JsDocusign
#7
Public · Hangzhou, Zhejiang · founded 2013 · 541 employees$43.7Mraised▾
Public · Hangzhou, Zhejiang · founded 2013 · 541 employees
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
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
#8
Series A · Hong Kong, Hong Kong · founded 2020$20Mraised▾
Series A · Hong Kong, Hong Kong · founded 2020
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
Investors
DRAGONFLY, Ribbit Capital, Coinbase, Framework Ventures, Sky9 Capital, Folius Ventures
Tech stack
AhrefsBootstrapCloudflareCloudflare Bot ManagementCloudflare Browser InsightsCore-Js
#9
Seed · Hong Kong, Hong Kong · founded 2023$30Mraised▾
Seed · Hong Kong, Hong Kong · founded 2023
Developer of a decentralized identity blockchain protocol. This protocol enables on-chain identity verification, offering users enhanced control and security over their digital identities. The platform facilitates the creation and management of verifiable credentials, streamlining identity verification processes across various applications. It aims to provide a secure and transparent system for managing digital identities, improving user privacy and data control. The protocol is designed for scalability and interoperability, allowing for seamless integration with existing systems.
Fliar Intelligence Index™ 64how this company ranks against its industry peers
Tech
top 22%Moat
top 26%Market
top 34%Funding
top 37%Talent
bottom 49%Growth
bottom 48%Tech: 50 technologies across 6/8 capability areas · Cloud: Amazon Ses, Amazon Web Services · Devops: Nginx
Moat: Editorial + unicorn rating 9/10 · Unicorn · 9 curated direct competitors tracked
Market: Top-50,000 web property · Unicorn (valued $1.0B)
Audience (LinkedIn): 3k LinkedIn followers
Funding rounds
- Jan 2025Seed$20M
- May 2024Seed$30M
- Feb 2024Seed—
Founders & team
Investors
Hashed, CMCC Global, Cypher Capital, Foresight Ventures, Mechanism Capital, Kingsway Capital
Tech stack
Amazon SesAmazon Web ServicesCloudflareCloudflare Bot ManagementCloudflare Browser InsightsCookieyes
#10
Series B · Beijing, Beijing · founded 2021 · 19 employees$26Mraised▾
Series B · Beijing, Beijing · founded 2021 · 19 employees
Blockchain-based network for financial institutions. It offers a platform for tokenization and trading of primary market investment certificates. It offers a protocol for splitting and partial-transferring the tokenized allocations so that investors can trade part of tokens on markets.
Fliar Intelligence Index™ 48how this company ranks against its industry peers
Talent
top 28%Tech
top 31%Funding
top 32%Growth
top 45%Moat
top 48%Global
bottom 38%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 · Security: Hsts, Http/3
Funding: Raised $26.0M across 5 rounds · 5 rounds over 5 yrs (1.0/yr) · Last round Series B (Oct 2024)
Audience (LinkedIn): 2k LinkedIn followers
Activity (LinkedIn): 2 partnerships (incl. Circle Alliance Program) announced in 12 mo
Funding rounds
- Oct 2024Series B$11M
- Jul 2024Series B$4M
- Aug 2023Series B$6M
- Jan 2022Series A—
Founders & team
Investors
Sfermion, DeFi Alliance, gCC, The LAO, CMS Holdings, Apollo Capital
Tech stack
ApolloCloudflareCloudflare Browser InsightsGitbookGoogle AnalyticsGoogle Workspace
#11
Seed · Xuhui, Shanghai · founded 2018 · 5 employees$21Mraised▾
Seed · Xuhui, Shanghai · founded 2018 · 5 employees
Provider of bitcoin adoption solutions, financial products, and digital asset services. It offers bitcoin and liquid wallet for stablecoin support. The company develops financial products for bitcoin investors and provides military-grade bitcoin storage solutions. It also offers a platform for digital patronage with bitcoin. Furthermore, it provides advisory services to nations for bitcoin adoption, covering infrastructure, exchange operations, wallet development, and mining.
Fliar Intelligence Index™ 29how this company ranks against its industry peers
Tech
top 39%Funding
top 40%Growth
top 45%Talent
bottom 49%Global
bottom 38%Market
bottom 18%Tech: 33 technologies across 4/8 capability areas · Cloud: Cloudflare, Google Cloud · Security: Cloudflare Turnstile, Hsts
Funding: Raised $21.0M across 2 rounds · 2 rounds over 4 yrs (0.5/yr) · Last round Seed (Jan 2025)
Growth: Web rank 10,000,000 → 50,000,000 YoY · Fresh capital in last 24 mo
Audience (LinkedIn): 4k LinkedIn followers
Activity (LinkedIn): 3 product launches announced in 12 mo
Funding rounds
- Jan 2025Seed$5M
- Apr 2022Seed$21M
Founders & team
Investors
El Zonte Capital, Fulgur Ventures, Tether, Grupo Salinas, Lightning Ventures, East Ventures
Tech stack
Cloudflare TurnstileDreamhostGoogle CloudGoogle Cloud CdnGoogle WorkspaceHsts
#12
Seed · Hong Kong, Hong Kong · founded 2024$1.5Mraised▾
Seed · Hong Kong, Hong Kong · founded 2024
Platform providing access to credit investments and portfolio management services. It facilitates access to investments backed by bonds and private credit. The platform simplifies the investment process for credit-based deals. It eliminates the complexities of credit portfolio management, allowing users to earn passively.
Fliar Intelligence Index™ 48how this company ranks against its industry peers
Tech
top 34%Talent
top 38%Growth
top 45%Funding
top 46%Global
bottom 48%Market
bottom 37%Tech: 38 technologies across 5/8 capability areas · Cloud: Amazon S3, Amazon Web Services · Observability: Sentry
Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
Growth: Web rank 5,000,000 → 50,000,000 YoY · Fresh capital in last 24 mo
Audience (LinkedIn): 1k LinkedIn followers
Activity (LinkedIn): 2 product launches announced in 12 mo
Funding rounds
- Nov 2025Seed$1.5M
Founders & team
Investors
UOB, Signum Capital, Echo, CoinTelegraph
Tech stack
CloudflareCloudflare Browser InsightsGoogle AnalyticsGoogle Tag ManagerGoogle WorkspaceHsts
Funding & investor landscape
$4.2Btotal disclosed funding
88companies funded
137disclosed rounds
2rounds last 90 days
Most active investors
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
Chris Yu
Co-Founder & CEO · SignalPlus
Wayne Trench
CEO · OSL
Marc Droz
Co-Founder · Hex Trust
Alessio Quaglini
Co-Founder & CEO · Hex Trust
Xiao Feng
Founder & Co-CEO · HashKey
Deng Chao
Co-CEO & Managing Director · HashKey
Fertil Dieujuste
Founder & Director · Canaan
NG Zhang
Founder & CEO · Canaan
Yishi Wang
Founder · OneKey
Prism market signals · China · country-scoped Prism corpus, 3,754,932 docs
Market landscape — 10 sub-themes by coverage
Share of Cryptocurrencies coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
RESEARCH SIGNALS · China
How research on Cryptocurrency is moving in China
A read on the academic research around Cryptocurrency — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 1,753 China-affiliated papers.
research sentiment over time
200920202026
enthusiastic · positive · guarded tone
Tone is overwhelmingly optimistic and intensifying — the enthusiastic (strongly-positive) share moved 13% → 23% across 2009–2026.
top research entities
- Beijing University of Posts and Telecommunications61
- Sun Yat-sen University56
- Peking University47
- Zhejiang University46
- Jiangxi University of Finance and Economics44
leading researchers
Brian M. Lucey · Zibin Zheng · Jiajing Wu · Haoyu Wang · Samuel A. Vigne · Yizhi Wang · Weili Chen · Lei Wu
▲
Breakthroughs504 · 29%
▲ 27%→28% share
▲1.0× share momentum3 median citations72% since 2021mostly methods-led
Blockchain and Computer Security breakthrough research surged (3→110 and 9→136 papers), signaling intensifying cryptographic innovation from Chinese institutions.
rising sub-themes (early→recent)
- Computer security9→136
- Blockchain3→110
- Database transaction5→110
- Payment4→31
- Digital currency6→33
Newly emergingScalability 0→23 · Cryptography 0→21 · Volatility (finance) 0→19
Landmark ContractFuzzer: fuzzing smart contracts for vulnerability detection · 784 cites
◆
Advancements542 · 31%
▲ 27%→32% share
▲1.2× share momentum2 median citations75% since 2021mostly methods-led
Econometrics applied to cryptocurrency advancements newly emerged at 48 papers, reflecting rising quantitative rigor in Chinese blockchain research.
rising sub-themes (early→recent)
- Blockchain5→101
- Computer security8→99
- Digital currency10→89
- Database transaction5→82
- Payment4→52
Newly emergingEconometrics 0→48 · Volatility (finance) 0→45 · Investment (military) 0→18
Landmark Untangling Blockchain: A Data Processing View of Blockchain Systems · 1,150 cites
▼
Concerns381 · 22%
▼ 27%→22% share
▼0.8× share momentum1 median citations74% since 2021mostly empirical
Digital currency concern research nearly quadrupled (19→82 papers), indicating escalating scrutiny around risks from Chinese institutions.
rising sub-themes (early→recent)
- Computer security5→77
- Digital currency19→82
- Blockchain2→58
- Monetary economics7→36
- Database transaction6→32
Newly emergingEconometrics 0→19 · Volatility (finance) 0→18 · Asset (computer security) 0→16
Landmark Blockchain challenges and opportunities: a survey · 1,602 cites
RESEARCH HOTSPOTS · China
Where cryptocurrency 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.
Beijing392 · +0.39
Shanghai160 · +0.35
Guangzhou/Shenzhen160 · +0.38
Nanjing89 · +0.41
Hangzhou81 · +0.45
Wuhan45 · +0.26
Hefei23 · +0.62
Harbin15 · +0.23
PATENT SIGNAL · China
Who's filing cryptocurrency patents in China
China cryptocurrency patent filing is accelerating — 184 filings from 65 assignees (2016–2025), led by Digital Currency INST The People, Tendyron, Shenzhen Microbt Electronics TEC; annual filings 3→37.
184 filings65 assigneespeak 43/yr2016–2025
filing momentum (YoY 2016–2025)
top patent filers
- Digital Currency INST The People97
- Tendyron10
- Shenzhen Microbt Electronics TEC10
- Shenzhen Financial TECH Institut10
- Smart ECO6
- Feitian Technologies6
- LEE Yeong Cheol6
- PCR System6
Common questions
How many Cryptocurrencies companies are there in China?
Radar tracks 364 indexable Cryptocurrencies companies headquartered in China that meet our profile-completeness bar.
What is the total funding raised by Cryptocurrencies companies in China?
The Cryptocurrencies companies in China on this list have raised a combined $4.2B in disclosed equity funding across 88 funded companies.
Which is the highest-funded Cryptocurrencies company in China?
Bitfinex is the highest-funded Cryptocurrencies company in China, with $1B in disclosed equity funding.
How many Cryptocurrencies companies in China are funded?
88 of the 364 Cryptocurrencies companies in China on this list have disclosed at least one equity funding round.
How many Cryptocurrencies unicorns are there in China?
5 Cryptocurrencies companies in China on this list are valued at $1B or more.
Who are the top investors in China Cryptocurrencies companies?
The most active investors in China Cryptocurrencies companies on this list include NGC Ventures, OKX, DRAGONFLY, IOSG Ventures, Consensus-Lab.
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.