Switzerland's Crypto Valley experienced a significant funding surge in 2025, attracting $728 million across 31 deals, a 37% increase from the previous year. This influx accounted for 47% of European blockchain venture funding. Globally, blockchain funding rose 30% to $15.5 billion.
The Open Network (TON) was a major driver, contributing $400 million to the total. Sygnum Bank followed with $58 million, and stablecoin platform M0 secured $40 million.
Despite the funding growth, the overall valuation of Crypto Valley's Top 50 companies fell to $467 billion, with its unicorn count dropping from 17 to 10. Blockchain networks attracted the largest share of funding at 62%.
Mathias Ruch, CEO of Crypto Valley, described the trend as a sign of a maturing ecosystem. However, the data indicates a shift towards fewer, larger transactions, a pattern observed globally.
Crypto Valley now hosts 1,766 active blockchain companies. Companies in Zug accounted for 20 deals and 88% of disclosed capital. The region's top crypto companies include Ethereum, Solana, Cardano, and Toncoin.