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The Crypto Valley’s Top 50 H1 2019

The Crypto Valley’s Top 50 H1 2019

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The Blockchain Industry in Switzerland & Liechtenstein analyzed and visualized

SUMMARY

This report on the Top 50 Blockchain Companies in the so-called Crypto Valley indicates that these firms increased their valuations twice as much over the first half of 2019 rising from US$ 20 billion to US$ 40 billion. 

There are over 800 companies operating in Cryptocurrency and Blockchain in the region, with more than 4,000 professionals working for them. The paper adds that the region has seen the emergence of six unicorns - that is firms valued at more than US$ 1 billion.

There are six hotspots in Crypto Valley that are the following: Zug, Zurich, Geneva, Ticino, Liechtenstein, and Vaud. The town of Zug is the heart of Crypto Valley. The canton of Zurich has 138 out of the 400 blockchain and cryptocurrency companies, Geneva 45, Ticino 43 and Vaud 26. The Principality of Liechtenstein has 42 registered crypto companies. 

According to this study, a few of the cryptocurrency companies have applied for complete banking licenses. These companies are Bitcoin Suisse AG, Sygnum AG, SEBA Crypto AG, and Mt. Pelerin Group SA. Switzerland could soon have completely regulated Crypto Banks. This enables Blockchain startups to be easily banked.

Besides, Swiss crypto exchange Lykke AG, and crypto asset management company Crypto Finance AG, are at present in the process of applying for securities dealer licenses.

Swiss Crypto-Banks, including SEBA Crypto AG and Sygnum AG, accounted for in 2019 for the highest employment growth in the blockchain industry. Both firms attracted over 50 professionals from the legacy banking sector and other crypto firms. Many senior employees in the banking industry joined the blockchain sector, offering expertise to the actors that applied to FINMA for banking licenses. 

The paper also points out that crypto custody solution providers have become much more relevant in the sector. A few of the main companies rank at present in the Top 50 Crypto Valley firms. 

OUTLINE

Valuations of the Top 50 Blockchain Companies in Crypto Valley

Town of Zug

Methodology

List of companies

DETAILS

Overview

Researchfinder Rating
5 out of 5 stars
Title
The Crypto Valley’s Top 50 H1 2019
Sub-Title
The Blockchain Industry in Switzerland & Liechtenstein analyzed and visualized
Region
Europe
Published
July 30, 2019
Publisher
CVVC
Author(s)
Rusland Mahhov, Ralf Kubli, Fares Abu-Taleb, Josefina Samvelyan
Price
FREE
Language
ENGLISH

Content

Number of Pages
29
Number of Tables
21
Number of Exhibits
5
Topics
blockchain
Tags
blockchain, cryptocurrency, CVVC, europe, financial services, PWC, switzerland
Companies mentioned
Bitcoin Suisse AG, Sygnum AG, SEBA Crypto AG, Mt. Pelevin Group SA, SEBA Crypto AG and Sygnum AG, Lykke AG, Capo GmbH, Custodigit AG and SEBA Crypto AG, Ambrosus, Boscoin, Proxeus, Quant Network
Author(s)
Rusland Mahhov, Ralf Kubli, Fares Abu-Taleb, Josefina Samvelyan
Methodology
This report includes a list of the main blockchain companies located in Switzerland and Liechtenstein excluding firms or organizations from the following industries: service provider, academia, education, events, association and media. The companies' main business is blockchain, and their valuation is based on funding, traditional valuation or current token market cap, the paper explains.
EVALUATION

The main value of this in-depth report about the blockchain and cryptocurrency sectors in Switzerland and Liechtenstein lies on its highly focused information on these two markets and a comprehensive list and description of the main companies operating in the area too.

Positives:

  • Highly focused on the Swiss and Liechtenstein blockchain markets
  • Good graphs
  • Exhaustive list with detailed information about the main companies in the blockchain sector in Switzerland and Liechtenstein

 

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