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Laxman Pai, Opalesque Asia: The first 50 blockchain companies in the Swiss Crypto Valley have doubled their valuations in the first six months of 2019 alone, from $20bn to $40bn, thus marking the definitive and obvious end of the so-called crypto winter.
The Crypto Valley, located in Switzerland around the cities of Zug and Zurich, counts more than 800 companies active in cryptocurrency and blockchain and employs over 4,000 professionals, said a new quarterly list and study of the largest and most important companies in Switzerland and Liechtenstein.
The study conducted by Swiss Investment company Crypto Valley Venture Capital CV VC, in collaboration with PwC's Strategy& and IT partner inacta said that among the companies active in distributed ledger technologies (DLT) and blockchain, six are unicorns, worth more than $1bn each.
"Crypto Winter undoubtedly left a mark on the industry, but companies with strong fundamentals and emerging use cases have significantly increased valuations," said Mathias Ruch, Founder, and CEO of CV VC.
The research shows six clear hotspots in Crypto Valley: Zug, Zurich, Geneva, Ticino, Liechtenstein, and Vaud. With more than 50% (over 400) of all registered companies and all six Unicorns, Zug is the heart of Crypto Valley.
The prior Crypto Valley Top 50 Report counted four Unicorns. Among those are three of the world's biggest protocol projects: Ethereum Foundation, Cardano and Dfinity Foundation with its headquarters and ...................... To view our full article Click here
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