Swiss Tech + Industries


Switzerland has become a centre for new business ideas in the field of blockchain and distributed ledger technology (DLT). In particular, 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.

IT engineers discuss technical details in an operational data center using blockchain visualization

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 government’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 Ethereum-based digital ID system; and in 2018, the fintech company Amun launched the world’s first crypto index product on the SIX Swiss Exchange.


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