Crypto Valley's blockchain funding jumps 37% in 2025, led by a $400M TON deal.

Switzerland's Crypto Valley raised $728 million in blockchain venture funding across 31 deals in 2025, marking a 37% increase from 2024 and capturing 47% of Europe's total blockchain investments. The surge was driven mainly by a $400 million deal from The Open Network (TON), with other notable investments in Sygnum Bank and stablecoin platform M0. Despite fewer deals, the total capital invested grew, reflecting a trend toward larger funding rounds. Crypto Valley remains Europe's leading blockchain hub, hosting 1,766 active companies, though its number of unicorns dropped from 17 to 10 due to market conditions.