A new report shows that the five-year-old composite growth rate of Crypto Valley was 18.8%, with Zug the Hub of the 1,749 blockchain companies from Switzerland left.
Crypto Valley, the blockchain hub for Switzerland and Liechtenstein, has grown by 132% since 2020 and now includes 1,749 active companies, according to the latest CV VCpto Valley Company & Industry Report shared with Crypto.news.
The report shows that the number of blockchain companies in Zug grew by 14% in the past year, so that his share brought more than 40% of all Web3 companies. Zurich is the next with 15%, while regions such as Ticino, Geneva and Lucerne also see steady growth.
Mathias Ruch, Chief Executive of CV VC, says that the latest figures “emphasize how Crypto Valley maintains his leading role in the global blockchain sector,” and added that “in the past five years, Crypto Valley has passed worldwide challenges, evolved with a caging and diversified”
Infrastructure and financial services are the largest sectors in Crypto Valley, accounting for 20% and 18% of the companies, followed by advice and advice with 17%. Respond to the findings of the report, said Heinz Tännler, president of the Swiss Blockchain Federation, that the data “proves that the Swiss blockchain industry is not only nationally relevant, but also of worldwide strategic importance.”
Legal structures also shift. While most companies are still companies or LLCs, associations and foundations formed more than 20% of the new archives in 2024.
