Blockchain

Web3 and Blockchain technology

The Greater Zurich Area and with it the world-famous Crypto Valley has developed into a global hotspot for the blockchain industry. Switzerland’s progressive approach to blockchain regulation coupled with its political and financial stability serve as the perfect ground for Web3 and blockchain companies to flourish.

5 key factors that make the Greater Zurich Area a hub for blockchain and crypto:

  1. Leading global blockchain and crypto hub with nearly 900 companies.
  2. Business-friendly blockchain regulation and a strong commitment to privacy.
  3. Close collaboration among companies, academia, and authorities.
  4. Easily available talent due to a highly skilled and international workforce.
  5. Real-world implementation of blockchain technology.

Crypto’s next chapter: MiCA regulation

Crypto’s next chapter: MiCA regulation

Explore the advantages of the new MiCA regulations for international crypto businesses in Greater Zurich. Dr. Andreas Glarner, Legal Partner at MME, provides key insights into mastering compliance, establishing a robust EU presence, and aligning with both local and EU regulations. Equip your business with essential strategies to thrive in the dynamic EU crypto market.

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MiCA / Andreas Glarner Teaser

The blockchain ecosystem

Switzerland hosts a remarkable 1,224 blockchain companies, with nearly 900 of them located in the Greater Zurich Area. Among these, eleven unicorns have already achieved billion-dollar valuations, highlighting Greater Zurich’s strong position in the blockchain industry. At the end of 2023, the top 25 publicly traded blockchain projects in Switzerland and Liechtenstein collectively held a value of 373 billion dollars, accounting for about 22% of the entire crypto market, which was estimated at 1.65 trillion dollars.

The renowned Crypto Valley is at the heart of the Greater Zurich Area blockchain industry. It is home to industry leaders such as Ethereum, Cardano, Solana, Polkadot and Cosmos and was recognized by CoinDesk as the world's leading crypto hub. In addition, the emerging canton of Ticino, particularly the city of Lugano with its ‘Lugano's Plan B’ initiative and its payment token LVGA, is also establishing itself as a central hub for blockchain innovation and implementation.

History of the Crypto Valley
10 years of Crypto Valley: Discover the most imporant milestones of the last decade.
The DFINITY Foundation is fortunate to call the Greater Zurich Area home; the blend of innovation, stability, and a supportive regulatory environment make it the ideal hub for blockchain to thrive.
Dominic Williams
Dominic Williams - Founder & Chief Scientist, DFINITY Foundation

Why the Greater Zurich Area for blockchain technology?

With its robust and crypto-friendly regulation, the Greater Zurich Area stands out in the worldwide blockchain landscape. Notably, the canton of Zug has gained recognition for its pioneering initiatives such as allowing tax payments in cryptocurrencies or issuing digital IDs based on blockchain technology. This regulatory environment provides a stable foundation for blockchain companies to thrive. 

Swiss Regulatory Crypto Guide

Furthermore, the region benefits from the active participation of major universities, such as the Swiss Federal Institute of Technology and the University of Zurich. By establishing their own blockchain initiatives, these institutions have nurtured top-tier talent and expertise, further enriching the local ecosystem. Moreover, the Greater Zurich Area's political stability, culture of trust and privacy, as well as its collaborative spirit among companies, academic institutions, and authorities, create an ideal environment for blockchain and Web3 advancement. 

 

21.co CEO and co-founder Hany Rashwan joins Home of Blockchain.swiss President Alexander Brunner to share insights into Switzerland’s pro-crypto regulatory landscape and how the country is embracing digital innovation. Video content by Coindesk, 2022.

Ethereum

Ethereum

In 2014, Ethereum, known for its decentralized software platform enabling smart contracts and distributed applications, established its base in Zug within the Greater Zurich Area. The decision was influenced by Switzerland's strategic European position, Zug's openness to the crypto sector, and the country's inherent decentralized structure. This move highlights the Greater Zurich Area's emergence as a hotspot for blockchain enterprises.

Logo Ethereum

Cardano

Cardano

Cardano Foundation, distinguished for its focus on research-driven blockchain development, set its foundation in Zug, in the heart of the Greater Zurich Area, in 2016. Their choice was shaped by Switzerland's deep-rooted decentralized tradition, the emergence of the Crypto Valley as a notable blockchain hub, and the nation's clear regulatory framework promoting transparency. This strategic alignment further cements the Greater Zurich Area's influential role in the blockchain domain.

Logo Cardano

DFINITY

DFINITY

In 2018, DFINITY, renowned for its visionary approach to building a decentralized internet computer, expanded its operations to Zurich. With its foundation previously established in Zug's Crypto Valley, this strategic move to Zurich leveraged the deep talent pool and expertise, notably from the renowned ETH Zurich. Founder Dominic Williams identified Zurich as DFINITY's primary hub for European operations, and the company's presence has grown robustly in the city since then.

Logo DFINITY

Ledger

Ledger

Ledger, the esteemed French blockchain firm producing advanced security and storage solutions for cryptocurrencies, anchored itself in Zurich in 2021. Sébastien Badault, Ledger's Vice President, highlights Switzerland's unique blend of "stability and openness" as a core reason for their expansion. Furthermore, the region's mature and dynamic crypto ecosystem was pivotal in their decision. With an initial emphasis on corporate clientele, Ledger has plans to broaden its consumer outreach in the region.

Logo_Ledger

Tezos

Tezos

Tezos, originating from San Francisco in 2014, stands out with its unique approach, allowing for updates to its blockchain system based on stakeholder consensus. In 2018, marking a significant stride in its growth, Tezos set up the Tezos Foundation in Zug. This move was aimed at bolstering the utilization and persistent enhancement of its blockchain platform. Emphasizing a community-centric ethos, the foundation is committed to fostering a fully decentralized direction for the platform's evolution.

Logo Tezos

Xapo

Xapo

Xapo, a leading global bitcoin custodian, established its headquarters in Zug. Originally from the U.S., the company's relocation to Switzerland was driven by the country's longstanding traditions of stability and protection. Wences Casares, CEO of Xapo, attributes the decision not only to Switzerland's reputation but also to its versatile workforce adept in multiple currencies. This commitment was further underscored in 2017 when the Swiss Financial Market Supervisory Authority (FINMA) endorsed Xapo's operations, highlighting Switzerland's progressive approach to fintech.

Logo Xapo

21.co

21.co

Founded in Zurich in 2018 by Hany Rashwan and Ophelia Snyder, 21.co set out with a mission to demystify crypto — aiming to create an access so intuitive that even their parents could understand. Their innovation led to the establishment of Onyx, their unique operating system. With a presence spanning from Zug to New York and a company valuation at approximately $2 billion, 21.co proudly stands as Switzerland's premier crypto unicorn.

Logo 21.co

Safe

Safe

Emerging from Zug, Safe began its journey as a spin-off from Gnosis and has since carved its own identity in the cryptocurrency world. Dedicated to providing decentralized asset management and custody protocols, they've made notable strides in simplifying user interaction with the digital finance sphere. Their commitment to innovation and user-centric design has not gone unnoticed, with Safe being recognized as a crypto unicorn, boasting a valuation of over $1 billion.

Logo Safe

Web3 Foundation

Web3 Foundation

Based in Zug in the Greater Zurich Area, the Web3 Foundation was founded in 2017 to advance the decentralized web, known as Web3. They've funded over 300 Web3 projects across the globe, ranging from core infrastructure to digital wallets. Among their notable contributions, Polkadot is a highlight, a blockchain designed to interlink various other blockchains for smooth communication.

Logo Web3 Foundation

Discover successful Blockchain companies in Greater Zurich

Switzerland is a technical leader and a pioneer in architecting a clear regulatory framework in distributed ledger technology and digital assets.
Liz Chien - Vice President of Global Tax at Ripple Labs

Fintech & blockchain in the Greater Zurich Area

Fintech & blockchain in the Greater Zurich Area

The Greater Zurich Area has evolved into a global fintech and blockchain hub, thanks to factors like access to talent, leading research institutes, innovation-friendly regulators, investors and industry partners. Switzerland, and particularly Crypto Valley in the Greater Zurich Area, has been at the forefront of digitization and disruptive technologies, and start-ups in the area have access to a variety of incubators and accelerators that support them in establishing a company and developing ideas and products.

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Fintech and Blockchain in the Greater Zurich Area

Want to connect to the blockchain ecosystem in the Greater Zurich Area? Reach out to our team:

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Beryl Kern Portrait
Beryl Kern
Senior Project Manager
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Lukas Huber Portrait
Lukas Huber
Director Asia, Deputy Managing Director
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Rolf Bühler Portrait
Rolf Bühler
Director Europe