The Crypto Valley has reaffirmed “its standing as the most mature global blockchain hub” over the past year, as the Zug venture capital investor CV VC found in its review. In the Crypto Valley Top 50 Report 2021, CV VC states that the Top 50 companies in the sector were valued at US$611.8 billion as at the end of 2021. This corresponds to an increase of 464 percent on the previous year.
“World-first in regulatory excellence, corporate and legal talent, well-experienced service providers, crypto-friendly banks, and academic institutions, two of which are ranked in the top 10 worldwide, continue to drive Crypto Valley’s meteoric growth,” it was reported in a press release.
The number of unicorns in the Crypto Valley, which includes companies from Switzerland and Liechtenstein, has almost doubled to 14. With a valuation of over US$100 billion, one of these is a Hectocorn, while three are Decacorns worth more than US$10 billion. Zug, with 528 companies, continues to be the epicenter of Crypto Valley, which now has 1,128 blockchain companies. Crypto and blockchain companies directly employ 6,000, while thousands more work for and with these companies remotely across the globe.
The Crypto Valley is determined “to transform the way the world interacts and transacts,” said CEO and founder of CV VC, Mathias Ruch. “It is exciting to show Crypto Valley’s stable of 14 Unicorns to the world and be part of a Swiss industry valued at over half a trillion U.S. dollars.”
CV VC is confident that the Swiss Crypto Valley will remain steadfast despite the crypto crisis. The activities in Crypto Valley are not only driven by crypto but also the “bricks and mortar” applications of blockchain for global decentralized projects.
