Crypto Valley’s Impressive Growth Continues
The latest CV VC report reveals that Crypto Valley,a blockchain hub in Switzerland and Liechtenstein,has seen a remarkable 132% growth since 2020. It now hosts 1,749 active blockchain companies.
zug,the epicenter of this growth,has seen a 14% increase in blockchain firms over the past year. This brings its share to over 40% of all web3 companies in the region. Zürich follows with 15%, while other areas like Ticino, Geneva, and Luzern are also expanding steadily.
Mathias Ruch,CEO of CV VC,notes that Crypto Valley has maintained its global leadership in the blockchain sector. Over five years, the region has grown at a compound annual growth rate of 18.8%. The report highlights how the area has adapted and diversified despite global challenges.
Infrastructure and financial services are the largest sectors, making up 20% and 18% of firms, respectively. Consulting and advisory services follow closely at 17%. Heinz Tännler, president of the Swiss Blockchain Federation, emphasizes the industry’s global strategic importance.
Legal structures are evolving too. While most firms are still corporations or LLCs, over 20% of new filings in 2024 were associations and foundations.
These figures prove the Swiss blockchain industry’s national and global relevance. For more details, check the CV VC report.
