Crypto Valley funding jumps 37% in 2025, led by $400M TON deal dominating blockchain investments.

Switzerland's Crypto Valley saw a 37% increase in blockchain funding in 2025, raising $728 million across 31 deals, with the TON deal alone accounting for $400 million or 55% of the total. This surge made Crypto Valley the leading blockchain venture hub in Europe, capturing 47% of the continent's funding and about 5% globally. The funding concentrated heavily in a few large deals, reflecting a selective market trend favoring later-stage investments and core blockchain infrastructure. Despite fewer deals, Crypto Valley remains a key center for blockchain innovation with 1,766 active companies, especially in Zug, which hosted most of the major funding rounds.