TON Leads Crypto Valley Funding to 37% Growth in 2025

Switzerland’s Crypto Valley is one of Europe’s leading hubs for blockchain and digital-asset companies, making its fundraising performance a closely watched gauge of investor appetite across the sector. The region’s growth in 2025 suggests venture capital remained available for established networks and infrastructure projects, even as funding became increasingly concentrated in a small number of large transactions.

Crypto Valley companies raised $728 million across 31 deals in 2025, a 37% increase from the previous year and equal to 47% of all European blockchain venture funding. TON Network led the market with a single $400 million financing, accounting for about 55% of the region’s annual total and underscoring how one major round drove much of the year’s headline growth.