Switzerland leads Europe’s crypto funding race with $728M raised in 2025

Swiss companies have attracted almost half of the venture capital invested in Europe’s crypto sector, according to a new report tracking funding in Crypto Valley.

The data featured in the recently released study clearly cements the leading position of Switzerland’s blockchain ecosystem on the Old Continent, well ahead of the competition.

Switzerland secures 47% of European venture capital in crypto

Nestled in the heart of Europe, Switzerland remains its most attractive destination for investors looking to support businesses in the digital assets space.

Some 47% of all European venture capital investments in the industry last year went to the country’s Crypto Valley, centered in the Canton of Zug.

More than 1,760 blockchain firms are currently operating out of the region, including a few dozen registered in Liechtenstein.

The Swiss canton’s capital, Zug, is home to about 40% of them, and the country’s main financial center, Zurich, hosts another 15%, accounting together for close to 1,000 entities.

The number of the valley’s residents has increased by 134% since 2020, and Zug is by far the largest contributor, with almost half of the new ones established in the past year.

No less than 10 blockchain unicorns are based in Switzerland, including two private blockchain companies and eight blockchain platforms with publicly traded tokens.

The combined valuation of the top 50 companies now stands at an estimated $467 billion, a record high for the crypto-focused ecosystem.

The findings come from the latest edition of the CV VC Top 50 Report, which covers data for the whole of 2025 and was published in April 2026, the German crypto news outlet BTC Echo informed on Wednesday.

CV VC, or Crypto Valley Venture Capital, is an early-stage venture capital firm focused on startups developing global solutions that leverage blockchain technology.

TON secures the largest single deal at $400 million

Swiss-based crypto companies raised a total of $728 million, which is 37% more than the previous year, the authors of the study also emphasized.

While the number of rounds decreased, the size of individual investments increased significantly, the researchers noted, highlighting a shift towards larger funding rounds.

The largest single deal, for $400 million, was sealed by TON, followed by Sygnum Bank with $58 million and M^0 with $40 million.

The high numbers in each of these cases suggest investors are becoming more selective in their decisions while orienting towards well-positioned, scalable projects.

A similar trend was observed in Germany last year, when Berlin accounted for over 70% of the country’s $45 million in blockchain investments, signaling that quality over quantity is the new sentiment.

Focus shifts from finance to technology

Another trend worth noting is the ongoing shift from financial products and services toward solutions that enable broader blockchain adoption.

Among funded business models, infrastructure developers now account for 19%, compared with 18% for financial services providers and 17% for consulting and technology services firms.

This affirms the status of crypto-linked technology as fundamental to the entire digital economy, not just its cryptocurrency segment.

Other sources of validation are the growing integration with artificial intelligence and expanding academic research in the blockchain field.

The latter allows the Crypto Valley to maintain its lead in this area. The push is supported by Swiss authorities, and Zug is investing over $50 million in such initiatives.

Against this backdrop, Europe’s share of the global venture funding dropped to 13% in 2025, from 16% in 2024, the report also revealed.

The region secured $67 billion across nearly 6,600 deals during the studied period, registering a modest increase in funding, again from fewer deals.

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