- Swiss-based crypto firms captured 47% of all European blockchain venture funding in 2025.
- The top 50 Swiss-based blockchain firms are now worth $467 billion combined.
- Zug is home to 41% of firms.
Switzerland is dominating Europe’s crypto industry, according to the Swiss blockchain venture capital firm CV VC.
In 2025, the country’s “Crypto Valley” captured 47% of all European blockchain venture funding, cementing its position as the continent’s undisputed hub for digital assets, the firm said in a note shared with DL News.
That dominance stands out against the broader industry context: Europe accounts for just 10% of global blockchain venture funding, while North America commands 53%, according to the firm.
"Leadership in technology is never permanent. It must be continuously renewed," said CEO Mathias Ruch. "Nearly half of all European blockchain investment is now flowing into Crypto Valley.”
The Swiss city Zug, often referred to as the Crypto Valley, remains the beating heart, home to 41% of firms, with Zurich adding another 15%, CV VC data shows. Zug alone captured 88% of disclosed capital in Swiss deals in 2025.
The top 50 Swiss-based blockchain firms are now worth $467 billion combined, a staggering figure that underscores Switzerland’s dominance in the European scene. These include major networks like Ethereum, Solana and Cardano, alongside emerging firms such as Sygnum and Copper.
Switzerland dominates
Within that smaller European share, Switzerland has emerged as the clear centre of gravity — pulling in nearly half of all regional capital and concentrating it in one tightly connected ecosystem, CV VC data shows.
In 2025, Switzerland pulled in $728 million across 31 deals, a 37% jump from the year before. That outpaced global blockchain funding growth, which rose 30% despite a sharp drop in deal count.
“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 said.
Switzerland now hosts 1,766 blockchain companies, up 134% since 2020.
2026 outlook
Looking ahead to 2026, the industry is entering a new phase where stronger infrastructure will drive the next wave of growth, wrote CV VC’s head of acceleration investments, Janis Aguilar, and general partner Lukas Etter.
“Success is no longer defined by technical metrics like transactions per second — it is defined by the economic activity built on top,” they said.
New technologies like account abstraction, chain abstraction and artificial intelligence systems will make blockchain easier to use and build on, according to the two. The overlap between AI and crypto will lead to autonomous software agents that can build, manage and run systems at lower cost.
Stablecoins are also expected to grow quickly, especially among small and medium-sized businesses, Aguilar and Etter said. Faster payments, lower costs and global access make them a strong alternative to traditional systems.
At the same time, tokenising real-world assets — from government bonds to private credit — could open up entirely new financial markets on blockchain, they predict.
Lance Datskoluo is DL News’ Europe-based markets correspondent. Got a tip? Email him at lance@dlnews.com.
