cv vc Top 50 Report

Crypto Valley Financial Industry Cluster drives innovation and growth

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The current CV VC Top 50 Report highlights maturity and substance of the blockchain ecosystem in Crypto Valley. The number of firms has risen to 842 and employment has reached 4,400 in Switzerland to Liechtenstein.  

The financial services cluster is driving innovation and growth, reflected by the newly introduced category crypto banks, which currently includes Seba Bank and Sygnum Bank. 

 

Strong development of the finance cluster is underlined by the active involvement of agile Swiss private banks, as well as specialized firms for digital assets such as brokers, custodians, and transaction-related services.  

Infrastructure, settlement, and securities operations using crypto technologies are tested by SDX, the digital exchange initiative of SIX Group (which is owned by large Swiss banks), the Swiss National Bank (SNB), and the Bank of International Settlement (BIS). 

 

Real Estate security tokens launched by Crowdlitoken and Brickmark, as well as broader digital securitization led by Investment banks, using Tezos infrastructure, indicates significant activity for 2020 in this area.  

One of the world’s largest property developers, Emaar Properties, has launched a reward token for its ecosystem through Emaar Suisse.  
CV VC’s research reveals eight crypto hotspots in Crypto Valley: Zug, Zurich, Geneva, Ticino, Liechtenstein, Vaud, Lucerne, and Bern. Zug remains the heart of the Crypto Valley, however, as it hosts more than half (425) of all the companies registered. 

Regulatory frameworks in Switzerland and Liechtenstein continue to lead globally. Switzerland introduced changes to existing legislation thus strengthening its principles-based approach. Liechtenstein adopted the Blockchain Act, enabling digitization and integration into the existing legal framework.