Crypto Valley funding is further cementing Switzerland’s status as the top blockchain ecosystem in Europe, given its outstanding growth that demonstrates its strength and attractiveness to investors.
As per the annual report released by venture capital firm CV VC, investments in Crypto Valley amounted to $728 million in 31 transactions in 2025. That represents a healthy 37% increase from $531 million the previous year and captured nearly half, or 47% of all European blockchain venture capital.
Globally, the broader blockchain sector saw funding climb 30% to $15.5 billion across 986 deals, yet crypto valley funding outpaced that pace, highlighting the Swiss ecosystem’s unique momentum.
A single standout deal carried much of the weight.
The Open Network (TON) alone brought in $400 million, making it the dominant force in Crypto Valley funding last year. It was followed by Sygnum Bank with $58 million, stablecoin platform M0 at $40 million, Impossible Cloud Network at $34 million, and CratD2C with $30 million.
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These larger rounds reflect a broader trend: while total capital deployed rose, the number of deals tightened, both in Switzerland and worldwide. Investors seem to be more selective and opt for conviction plays rather than diluting their investments.
As per the Crypto Valley Funding Breakdown by Industry, blockchain networks accounted for 62% of funding, while infrastructure received 14%, centralized financial service companies got 10%, and DeFi applications received 10%. The distribution reflects a maturing ecosystem where foundational technologies and financial offerings are increasingly integrated.
The figures clearly indicate Switzerland as Europe’s blockchain funding frontrunner.
“Nearly half of all European blockchain investment is now flowing into Crypto Valley,” noted Mathias Ruch, founder and CEO of Crypto Valley.
He described it as evidence of a “maturing ecosystem” centered on robust infrastructure, finance, and the exciting convergence of frontier technologies that power digital innovation.
Crypto Valley funding growth occurred alongside some consolidation
The ecosystem now hosts 1,766 active blockchain companies, a remarkable 134% increase since 2020. Zug accounted for 20 out of the 31 investments and 88% of the disclosed funds, while Zurich accounted for 5 investments.
However, there was a fall in the number of unicorns to 10 compared to 17 in the previous year, mainly because of unfavorable market sentiments in the latter part of 2025, which caused some token projects to drop below the $1 billion mark.
The main players in the sector currently include Ethereum, Solana, Cardano, Hedera, Toncoin, Polkadot, Near Protocol, Internet Computer, Copper, and Sygnum Bank. The presence of some tried-and-true companies together with the new entrants clearly shows that there is significant investment going into Crypto Valley.
In conclusion, the year 2025 has confirmed that the Crypto Valley is indeed a world player in the blockchain world despite focusing more on quantity rather than quality. With an increase in investments within the Crypto Valley by 37%, spearheaded by the acquisition of TON, it shows investors’ confidence in Switzerland.
With time, these developments will make it possible for the crypto valley to remain competitive within the blockchain industry in Europe.
