The number of blockchain companies in Crypto Valley rose to 842 in the second half of 2019, finds a new report, with important international companies such as Bittrex, CasperLabs and Libra added to the list. Crypto Valley is also now home to five unicorns.

Crypto Valley Venture Capital (CV VC) teamed up with Strategy&, IT consulting company inacta AG and Cointelegraph to produce a new report on Crypto Valley. It reviews the most important blockchain companies in Crypto Valley, which include the blockchain cluster in Switzerland and in Liechtenstein.

According to the report, the number of blockchain companies in Crypto Valley rose from 810 to 842 in the second half of 2019. Together, these companies employ over 4,400 people.

Crypto Valley consists of eight hotspots. As the report reveals, Zug hosts more than half (425) of the companies listed, followed by the cantons of Zurich (139), Geneva (45), Ticino (42), Vaud (27), Lucerne (16) and Bern (14). The number of blockchain companies in Liechtenstein doubled in the past six months to reach 80.

In the second half of 2019, Crypto Valley was able to add important companies to its list, including Bittrex, CasperLabs and Libra, demonstrating that the region remains attractive for global crypto companies.

Crypto Valley is also now home to five unicorns, companies that are valued at $1 billion or higher: Ethereum, DFinity, Polkadot, Bitmain and Libra. Three other unicorn contenders – Tezos, Cardano and Cosmos – have been identified.

“The latest figures from the CV VC Top 50 Report show that Crypto Valley with its 842 companies has become more stable and mature,” said Mathias Ruch, founder and CEO of CV VC. “Switzerland and Liechtenstein remain attractive in such a way that important companies, platforms and projects come to Switzerland.”

Finance meets technology

Blockchain in Greater Zurich

The Greater Zurich Area has evolved into a global fintech and blockchain hub. Learn more: 

Contact us

Can we put you in touch with a peer company or research institute? Do you need any information regarding your strategic expansion to Switzerland's technology and business center? Give us a call or drop us a line. 

+41 44 254 59 59


info@greaterzuricharea.com