Zug - The Crypto Valley will survive the crash in cryptocurrencies unscathed, according to the latest Crypto Valley Top 50 Report 2021 by CV VC. In fact, since the end of 2020, the valuation of the top blockchain companies has increased by 464 percent. The number of unicorns has also almost doubled.

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.

Blockchain technology

The Greater Zurich Area - and with it the world-famous Crypto Valley - has developed into a world center of the blockchain industry. It is no secret that Switzerland is a formidable place to run a business. This is especially true for blockchain projects as Greater Zurich not only convinces with business-friendly, pragmatic regulatory environment and a deep-rooted sense of privacy protection but triumphs with a high concentration of peer companies, service providers and world-renowned research institutions, all working together in order to push the boundaries of the blockchain application scope. Switzerland's tech-libertarian setting and unique decentralized democratic system is the ideal home and natural partner to blockchain/DLT businesses.

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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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