Darius Baruo Apr 15, 2026 07:26

Crypto Valley raised $728M across 31 deals in 2025, up 37% YoY. TON’s $400M round drove half the total as capital concentrates in fewer, larger bets.

Switzerland’s Crypto Valley pulled in $728 million in blockchain venture funding last year, capturing nearly half of all European crypto investment while outpacing global growth rates. The 37% year-over-year jump came despite a sharp drop in deal count—a signal that institutional money is consolidating around bigger bets.

The numbers, released Wednesday by venture firm CV VC, show Crypto Valley accounted for 47% of European blockchain VC and 5% of the $15.5 billion deployed globally in 2025.

One Deal Changed Everything

Strip out The Open…