Switzerland, Zug, April 15, 2026. As global blockchain venture funding rebounds and becomes increasingly concentrated, Switzerland’s Crypto Valley is strengthening its position as a leading hub in the global frontier technology landscape. In 2025, Crypto Valley captured 47% of all European blockchain funding and has grown by 134% in company count since 2020 to 1,766 active blockchain companies.

Globally, blockchain venture funding rose to $15.5 billion across 986 deals in 2025, a 30% increase in capital deployed despite a 32% decline in deal volume – highlighting a shift toward fewer but larger transactions. Against this backdrop, Crypto Valley secured $728 million across 31 deals, representing a 37% year-on-year increase, outpacing the 2025 global funding growth rate and accounting for 5% of total blockchain investment worldwide. This reinforces its role as a key centre of capital concentration within Europe and beyond.                  

The report also shows that Crypto Valley’s Top 50 blockchain entities now hold a combined valuation of $467 billion, measured by market capitalisation for token-based projects and enterprise valuation for private companies — underscoring Switzerland's position as one of the world's most significant blockchain hubs. These findings come from the 11th edition of the CV VC Crypto Valley Top 50 & Ecosystem Report, the only benchmarkable blockchain sector report of its kind globally, covering both global funding dynamics and the evolution of Crypto Valley.

1,766 Active Companies. Up 134%

Crypto Valley now hosts 1,766 active blockchain companies, more than twice the number five years ago. Zug alone accounts for 41%, while Zurich represents a further 15%.

Of the 1,766 active entities in Crypto Valley, Infrastructure is still the largest segment at 19%, just ahead of Financial Services (18%) and Consulting & Advisory (17%). 

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$728 Million Raised. Up 37% & Outpacing the 30% Global Funding Growth Increase

Total venture funding across Crypto Valley reached $728mn across 31 deals in 2025, up 37% from $531mn across 53 deals in 2024, outpacing the 30% global funding growth rate. Crypto Valley accounts for 47% of all European blockchain funding. 

The five largest deals were TON ($400mn), Sygnum Bank ($58mn), M0 ($40mn), Impossible Cloud Network ($34mn), and CratD2C ($30mn).

Zug remained the centre of activity, accounting for 20 of the 31 deals and 88% of disclosed capital. Zurich followed with five deals and $77.3 million raised.

Blockchain Networks dominated funding with 62% of total investment, followed by Infrastructure (14%), Centralized Financial services (10%), and Decentralized Finance (10%).

Top 50 Valuation Reaches $467 Billion

The combined valuation of the Top 50 blockchain entities in Crypto Valley now stands at $467bn. The Top 50 cohort includes 10 unicorns - entities valued at over $1 billion. Among them Ethereum, Solana, and Cardano (public blockchain networks), as well as private companies Copper and Sygnum Bank. New entrants to this year’s Top 50 on the token side are Concordium and Impossible Cloud Network, alongside private companies Chronicle, CratD2C, Delta, Intmax, Octra and Validation Cloud.

Crypto Valley Leadership in Blockchain's Global Trajectory

"Leadership in technology is never permanent. It must be continuously renewed," said Mathias Ruch, Founder and CEO of CV VC. "Nearly half of all European blockchain investment is now flowing into Crypto Valley. What we are seeing is a maturing ecosystem focused on infrastructure, finance and the convergence with other frontier technologies driving digital transformation across global industries."

Ruch pointed to blockchain's expanding role. "Blockchain is increasingly becoming the infrastructure layer not only in the financial industry, but more generally for trust in the digital economy, from supply-chain verification and data sovereignty to the interaction between blockchain and artificial intelligence. As the global economy becomes more data-driven and automated, blockchain is the trust and accountability layer of the agentic economy. Crypto Valley is uniquely positioned to lead that future.”

Research as a Competitive Anchor for Crypto Valley

At the report launch, the Canton of Zug's Blockchain Zug Joint Research Initiative – comprising the Lucerne University of Applied Sciences and Arts (HSLU) and the Zug Institute for Blockchain Research (ZIBR), underscored the growing role of academic and interdisciplinary collaboration in driving Switzerland's Crypto Valley competitive edge. The Canton of Zug is investing a total of CHF 39.35 million (approximately $50 million) in this initiative over five years.

Together, HSLU and ZIBR combine fundamental and applied research to build a holistic and interdisciplinary understanding of blockchain and its broader relevance in society and the economy. Findings and perspectives from this work are presented in the eleventh edition of the Crypto Valley Top 50 & Ecosystem Report.