Map shows regions with blockchain companies
Not only train: Card shows the most important regions of the crypto Valley for the first time
The blockchain industry is a focus on Zug. However, other cantons increase. For the first time, a card shows the number of companies in the most important regions. With regard to the generated jobs, however, the industry remains vague.
Some say the birth of the Zug Crypto Valley was in 2013. The then founded financial service provider Bitcoin Suisse and Ethereum inventor Vitalik Buterin subsequently contributed significantly to establishing the crypto Valley and making it internationally known. The epicenter has always been in Zug, but in recent years the industry has grown both thematically and geographically. At the beginning, the focus was on cryptocurrency Bitcoin, today numerous companies are looking for business models based on the blockchain technology behind it. And also a fact is: diving Again and again fraudsthe financial market supervision Finma takes a closer look than already.
The Zug financial director Heinz Tännler is President of the Swiss Blockchain Federation.
It is difficult to grasp the size and importance of the industry. The Zug blockchain participation company CV VC has been trying this for several years, but has to be criticized again and again. Especially when it comes to determining how much the companies are worth. With start-ups with an evaluation of one billion, one speaks of “unicorns”. But sometimes it is enough if a currency behind it makes a course leap – and a company with half a dozen employees is suddenly worth a billion. Current Such unicorns in Switzerland should gallop.
There are blockchain companies in all cantons
There are therefore more specific information on the number of companies and jobs. Now a new analysis shows: The number of blockchain companies in Switzerland and Liechtenstein has increased by 14 percent from 1534 to 1749 since 2023-growth of 132 percent since 2020. «CV VC Crypto Valley Company & Industry Report» out. This new study maps all active players in Switzerland and Liechtenstein for the first time and, according to a spokeswoman, offers “unique insights into the development, structure and geographical distribution of one of the world's leading blockchain ecosystems.” The report shows that ten regions shape the crypto Valley:
- Zug (719 companies): Zug remains the center of the Crypto Valley and houses 41 percent of all companies. The canton is known for its “regulatory clarity and innovative strength”, according to the study authors. The Zug financial director Heinz Tännler has been President of the Swiss Blockchain Federation.
- Zürich (264): Zurich benefits 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.
- Ticino (103): The canton, among other things, attracts companies from the field of gaming financing and metaverse. The Plan-B-Initiative in Lugano is known internationally.
- Geneva (85): Geneva is a leader in the area of security, audit and compliance- here numerous specialized legal and advisory companies are located.
- Neuenburg (85): Neuchâtel has established itself as a location for infrastructure projects, with a strong focus on technical innovations.
- Lucerne (72): According to the study, Lucerne shows a strong presence in the field of financial market services. However, politics is still a bit reserved. Two years ago, the Lucerne city council said that he wanted Lucerne do not position as “crypto -friendly”. Disadvantages and risks are currently outweighed.
- Liechtenstein (68): Liechtenstein attracts companies from the entire blockchain value chain. The study authors emphasize the good regulatory framework.
- Swam (51): The canton of Vaud focuses on infrastructure projects and software development.
- Bern (41): Bern is becoming an important location for advisory and education initiatives in the blockchain area.
- Schwyz (39): Schwyz shows a strong presence in the field of financial services and increasingly attracts international projects.
According to the report, these ten regions account for over 90 percent of blockchain companies in the Crypto Valley. In addition, the study authors also determined in other cantons of companies, as the map shows.
With regard to the generated jobs, however, the information from the industry is still vague. Five years ago there was talk of about 5,000 jobs throughout Switzerland. The number of jobs was last shown in the “CV VC Top 50 Report 2022”. At that time, according to report, 5766 people worked directly in the blockchain sector.
A spokeswoman says that the number of jobs in the new “Crypto Valley Company & Industry Report” was not shown, as there is not enough reliable data. “Many companies no longer provide specific information and flexible working models and the use of freelancers make a precise survey.” For this reason, a corresponding evaluation was dispensed with.
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