A NSW Government website

Blockchain and Web3

Blockchain and web3 are emerging technologies within the Australian ecosystem, rich in digital assets and infrastructure.

NSW is positioned to advance one of Australia’s fastest growing sectors - home to a thriving digital assets ecosystem, world leading research, and representing half of Australia’s total blockchain businesses. The CSIRO's Data61, a world-leading blockchain research organisation, has been researching the growth of the technology since 2015.

NSW hosts half of Australia’s blockchain businesses, with the local cluster of businesses working on blockchain products and services, of similar magnitude to the Greater Seattle or Boston areas. Our State is also home to Immutable, Australia’s only blockchain unicorn and the fastest Australian company to reach unicorn status. 

NSW also has the largest technology workforce in all of Australia, and NSW’s top universities are developing strong talent to support this growing industry through their latest blockchain research offerings. 

Key facts

Australia ranks 6th globally for blockchain-related patent filings

Australia's digital asset sector will add $60 billion to national GDP by 2030

Valued at USD $7.3 trillion, Australia's financial and insurance services sector ranks first for utilising blockchain activities

NSW accounts for 50% of Australia's blockchain activity

Expected to add $3.5 billion in revenue to the NSW economy by 2030 and $1.6 billion GVA to the NSW economy by 2030

NSW is home to Australia's only blockchain unicorn - ImmutableX

Supporting your move to NSW

Investment NSW can connect you with a range of services and incentives available to businesses looking to grow.

Guidance: grants, rebates, programs and incentives

Investment NSW offers bespoke services to businesses looking to build a presence within NSW.

The team at Investment NSW provides tailored advice on grants, rebates, programs and other incentives your business may be eligible for.

Location: site identification, familiarisation and development

Whether you need a high-tech lab, an advanced manufacturing facility connected to a university or a greenfield site in regional NSW, we can assist.

We can work with you to establish a presence in a precinct or collaboration area suited to your needs.

We provide services to help you find the right accommodation:

  • determining the type of accommodation to best meet your businesses requirements
  • advice and support regarding opportunities available on Government land (both long and short term)
  • support navigating the planning process
Market insights

We can provide tailored information and data, including local market insights, on our focus areas.


We can introduce you to stakeholders who can support your growth objectives. This may include connecting you to:

  • corporate partners
  • business chambers
  • industry associations
  • technology precincts
  • research institutes
  • government agencies
Familiarisation visits

We offer curated introductions to help you identify local partners, distributors, industry stakeholders and service providers.

Asia-Pacific growth advice

Once you have established here, a wide range of services and programs are available to use NSW as a springboard into Asia and the world. We can help you identify opportunities to expand in the region.

Learn more

Visa and Skilled Migration support

Our Business & Skilled Migration Program is highly supportive of NSW’s growing tech industries and precincts. The program attracts new and emerging digital technology capabilities and skills, provides visa and migration advice to businesses, and nominates high potential migration candidates to live and work in NSW.

These initiatives have spurred the growth of digital technology businesses across the state and are available to all organisations considering investment opportunities in NSW.

Contact us

Contact Investment NSW today to find out more about investment opportunities in New South Wales. 

Last updated: May 2024