Swiss Crypto Valley Dominates European Blockchain Funding in 2025

Switzerland's Crypto Valley solidified its position as Europe's premier blockchain ecosystem in 2025, securing $728 million across 31 venture capital deals. This represents a 37% increase from the $531 million raised in 2024, outpacing the global blockchain funding growth rate of 30%. According to a report by CV VC, the region now accounts for 47% of all European blockchain venture funding and 5% of the global total, which reached $15.5 billion. The data reveals a maturing market where capital is concentrating into fewer, larger transactions, mirroring a global trend where deal volume fell by 32% even as total funding rose. The funding surge was heavily influenced by a single $400 million deal for The Open Network (TON). Other significant contributors included Sygnum Bank at $58 million, stablecoin platform M0 at $40 million, Impossible Cloud Network at $34 million, and CratD2C at $30 million. Sector-wise, blockchain networks dominated with 62% of the capital, followed by infrastructure at 14%, centralized financial services at 10%, and DeFi applications at 10%. Despite the funding growth, the region saw a decline in its 'unicorn' count, dropping from 17 to 10. This decline is attributed to late-year market volatility pushing several token projects below the $1 billion valuation threshold. Additionally, the ecosystem lost 21Shares following its acquisition by FalconX. Geographically, Zug remains the epicenter, hosting 20 of the 31 deals and capturing 88% of the disclosed capital.