Blockchain Hub Switzerland
> 750
in Crypto Valley
> 3,300
% of the world market =
value of the 50 most
important Swiss
blockchain companies
Source: CV VC, 2019
Switzerland has become a centre for new business ideas in the field of blockchain and
distributed ledger technology (DLT); as a strong financial center and hub for world trade,
it generates an especially large range of applications for these technologies. In partic-
ular, originally based in the canton of Zug, Crypto Valley has established a worldwide
reputation as a hub for global growth, resulting in a high density of flourishing crypto,
blockchain and DLT companies throughout Switzerland.
Switzerland is known worldwide for its privacy-conscious legislation, world-class talent
and its openness. Like blockchain, Switzerland is also organized in a decentralised way,
which has a positive effect on understanding this new technology. The state gov-
ernment’s open and proactive attitude has led to extremely favorable conditions for
blockchain companies, which has created a flourishing ecosystem that produces world
premieres: in 2016, Zug became the first city in the world to accept Bitcoin payments for tax
purposes; in 2017, Crypto Valley announced the introduction of a decentralized Ethe-
reum-based digital ID system; and in 2018, the fintech company Amun launched the
world’s first crypto index product on the SIX Swiss Exchange.
Swiss unicorns (value > 1 billion US dollars)
Ethereum, Cardano, Bitmain, Dfinity Foundation (as at 31.12.2018)
Source: CV VC, 2019
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