Pfäffikon/Richardson - The public ledger platform Hedera Hashgraph has founded the Swiss Hashgraph Association and allocated it grant funding of US$16.3 million. In collaboration with the Swiss Digital Assets Institute, this will be used to launch a global innovation program.

The blockchain public ledger platform Hedera Hashgraph with headquarters in Texas, USA, wants to ramp up the worldwide launch of its network out of Switzerland. Hedera has established the Swiss Hashgraph Association in the Greater Zurich Area, in Pfäffikon, and earmarked US$16.3 million worth of grant funding, as was reported in a press release. Its purpose is the delivery of a global Hashgraph Innovation Program in a strategic partnership with the Swiss Digital Assets Institute (SDAI), a professional training and education company.

Structured to be delivered over five years, this training and innovation program is aimed at empowering innovative startups, enterprises and government institutions around the world to design and develop enterprise-grade solutions and decentralized applications on the Hedera network.

We look forward to supporting the Hashgraph Innovation Program out of Canton Schwyz through our business-friendly environment and technology cluster as the launchpad for Hedera’s global expansion plans.
Andreas Barraud - Governing Councilor and Chairman of Department of Economic Affairs Canton Schwyz

“It’s our great pleasure to extend a warm welcome to Hedera Hashgraph and the newly founded Swiss Hashgraph Association in Switzerland,” said Andreas Barraud, Governing Councilor and Chairman of Department of Economic Affairs Canton Schwyz. “In close partnership with SDAI, we look forward to supporting the Hashgraph Innovation Program out of Canton Schwyz through our business-friendly environment and technology cluster as the launchpad for Hedera’s global expansion plans.”

Where world-class technology meets Swiss reliability

Where world-class technology meets Swiss reliability

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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With a reportedly unique approach to providing speed, security and energy efficiency, the Hedera network is owned and governed by the members of the Hedera Council. This group includes some of the world’s leading organizations, such as IBM, Google, Boeing, LG Electronics and Deutsche Telekom. 

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