Swiss Crypto Valley’s blockchain funding grew by 37% in 2025, with TON Network transactions dominating
According to Cointelegraph, Switzerland’s Crypto Valley raised a total of $728 million in blockchain funding in 2025—a 37% year-on-year increase—and accounted for 47% of Europe’s blockchain venture capital. The largest single contribution came from TON Network’s $400 million funding round; Sygnum Bank raised $58 million; the M0 stablecoin platform raised $40 million; Impossible Cloud Network and CratD2C raised $34 million and $30 million, respectively. The report states that global blockchain funding totaled $15.5 billion, up 30% year-on-year, but deal volume declined by 32%, reflecting a trend toward concentration of capital in a smaller number of large-scale projects. The number of active blockchain companies in Crypto Valley rose to 1,766, while the number of unicorns fell from 17 to 10, primarily due to market conditions.
