Start-ups in NFTs, blockchain-based DeFi can rise from crypto-crash ashes to become unicorns, says KPMG and HSBC report

• A quarter of Asia-Pacific’s 6,472 start-ups are engaged in NFT and decentralised finance, and some of these have the unicorn potential, new report says
• China tops the region as the market with the highest number of emerging start-ups that can grow into billion-dollar unicorns