Crypto Valley sees itself on growth course

The crypto business in this country seems to flourish. The number of blockchain companies in Switzerland and Principality of Liechtenstein has risen by 14 percent to 1749 since 2023, with growth not only limited to the Zug region.

The Crypto Valley has long since grown beyond the Zug location. The blockchain companies active in Germany are now spread across Switzerland and the Principality of Liechtenstein – and business is obviously going well. The number of local blockchain companies has increased by 14 percent to 1749 since 2023, as can be seen from a report by the investment company CV VC. The VC investor, which specializes in blockchain business models, wants to promote the spread of distributed Ledger technologies and also offers corresponding consulting services.

The Message For the first time, the geographical distribution of the blockchain companies based in Switzerland and Liechtenstein shows. According to this, 90 percent of these companies sit in the following 10 regions:

1. Train (719 companies) remains the center of the Crypto Valley and housing 41 percent of all local blockchain companies. The canton is known for its regulatory clarity and innovative strength, praise the authors of the report.
2. Zurich (264 companies) benefit from its pronounced financial and tech industry as well as the universities and is increasingly establishing itself as a hub for advice and financial services.
3. Ticino (103 companies) is particularly attracted to companies from the areas of Gamefi, NFT and Metavers and develop into a creative hotspot, especially thanks to the Plan-B initiative in Lugano.
4. Geneva (85 companies) is a leader in terms of security, audit and compliance and is characterized accordingly by specialized legal and consulting companies.
5. Neuchâtel (85 companies) has established itself as a location for infrastructure projects, with a focus on technical innovations.
6. Lucerne (72 companies) shows a strong presence in the defi area.
7. Thanks to its advanced regulatory framework, Liechtenstein (68 companies) attract companies from the entire blockchain value chain.
8. The canton of Vaud (51 companies) focuses on infrastructure projects and software development.
9. Bern (41 companies) develop into a location for advisory and education initiatives in the blockchain area.
10. Schwyz (39 companies) shows a strong presence in the field of financial services and increasingly attract international projects.

The report also brings up the companies recorded according to sectors. The most important business areas are therefore:

• Infrastructure (20 percent)
• Financial services (18 percent)
• Advice & advisory (17 percent)
• Security, Audit & Compliance (8 percent)
• Gamefi, NFTS & METAVERSE (6 percent)
• Software development (6 percent)

Mathias Ruch, founder and CEO of CV VC. (Source: cvvc.com)

In the past five years, the Crypto Valley has survived global challenges, developed and diversified, Mathias Ruch, founder and CEO of CV VC, can be quoted in the report to publish the report. And further: “In view of the increasing international competition, we have to adapt so that the Crypto Valley can continue to set standards for resilience and long -term visions in the future.”

In the spring of 2024, the canton of Zug invested CHF 40 million in an Institute for Blockchain Research – Read more about this here.