Asia Pacific Blockchain Market: USD 2 Billion Size, CAGR and Sector Opportunities | Ken Research
Asia Pacific blockchain Market is valued at USD 2 billion in 2023 and growing at a strong CAGR through 2030, the Asia Pacific Blockchain Market is fueled by widespread adoption of blockchain technology in finance, supply chain, and healthcare. A defining 2023 development was the partnership between Tencent and the People's Bank of China to enhance China's Central Bank Digital Currency initiative, with digital yuan transactions reaching over USD 13 billion in Q2 2023 alone. China, Japan, Singapore, and South Korea are the primary national demand anchors. Asia Pacific Blockchain Industry Size: Sector Verticals and Application Distribution Finance held the largest sector share in 2023 within the Asia Pacific Blockchain Industry Size at USD 2 billion, driven by widespread blockchain adoption in cryptocurrency trading and DeFi applications. The market distributes across four industry verticals. Finance: largest sector, leverag...