Swiss blockchain industry sees meteoric growth

The booming Swiss blockchain sector continues to grow: over 600 companies and institutions are now located in the ‘Crypto Nation’ and neighbouring Liechtenstein, according to recently-released data. The industry employs around 3,000 people in Switzerland and Liechtenstein, as well as many more abroad, says investment group Crypto Valley Venture Capital (CV VC). Taken together, the top 50 blockchain companies in Switzerland’s so-called Crypto Valley employ 443 staff domestically, are worth an estimated $44 million (CHF43.7 million), and hold in excess of $2 billion to spend on research and development, CV VC writes (see graphic below). Much of that funding has come from initial coin offering (ICO) crowd investing programmes in which the public can buy digital tokens that grant them access to blockchain platforms. CV VC has also put together an online directory called CV Maps, which lists companies, foundations, consultants, lawyers, educational establishments and other ...

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