Switzerland’s Crypto Valley strengthened its position as Europe’s leading blockchain hub in 2025, attracting 47% of all European blockchain venture capital with $728 million raised across 31 deals, according to CV VC.
The growth was driven largely by a single mega-round: Toncoin, which alone raised $400 million. Other notable deals included Sygnum Bank ($58M), M0 ($40M), Impossible Cloud Network ($34M), and CratD2C ($30M).
Globally, blockchain funding rose 30% to $15.5 billion, but with fewer deals, showing a shift toward larger investments. Crypto networks dominated funding at 62%, followed by infrastructure and financial services.
Despite strong inflows, the number of crypto unicorns in Crypto Valley dropped from 17 to 10, reflecting tougher market conditions and valuation pressure.
Overall, Switzerland continues to lead Europe’s blockchain investment landscape, with capital increasingly concentrated in a few major projects.
