The capitalization of startups in the Swiss Crypto Valley exceeded $600 billion – Bits Media

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Капитализация стартапов в швейцарской Crypto Valley превысила $600 млрд - Bits Media

The capitalization of startups in the Swiss Crypto Valley exceeded. Capitalization of startups in the special economic zoneCrypto Valley exceeded $600 billion.

In a report from venture capital firm Crypto Valley Venture Capital (CVVC) It is noted, that the total cost 50 largest blockchain companies in the area
Crypto Valley has grown by 4.6 times, Having reached $611.8 billion. The total number of cryptocurrency firms increased by 18%, to 1128. According to experts, the number of jobs increased by 16%, and about 6000 employees work directly in local crypto- and blockchain companies, and several thousand more interact with them remotely.

Researchers note, What a for 2021 year number of “unicorns” (startups with market capitalization higher $1 billion) in Crypto Valley almost doubled and reached 14, including hectocorn ($100+ billion) and three decacorns ($10 + billion).

The capitalization of startups in the Swiss Crypto Valley exceeded $600 billion - Bits Media

The “heart” of Crypto Valley remains the city of Zug, where present 528 of 1128 registered blockchain companies. It is followed by Zurich and other clusters in Liechtenstein, Geneva, Tychyno, In and Neuchâtel. Remarkably, that more than half of all Swiss cantons contain 10 and more blockchain firms.

Analyzing the reasons, which had a beneficial effect on the overall picture and business situation in Crypto Valley, CVVC Highlights Friendly and Progressive Legislation to Regulate the Cryptocurrency Industry. IN 2020 Switzerland introduced
DLT law in force, which made it possible to create a legal framework for issuing digital securities and licensing services for trading digital assets.

As the global financial sector has seen a significant increase in interest in digital assets from traditional investors, then the advantages of the regulatory framework of Switzerland and Liechtenstein allow the creation of business models, which are not possible in other jurisdictions.

The idea of ​​creating Crypto Valley began in January 2014 of the year, when the founder and CEO of the blockchain platform Monetas first began promoting Zug's idea, as a global center for the incorporation of blockchain companies. During a meeting with project representatives, the name “Crypto Valley” was invented. Three years later, in January 2017 of the year, The Crypto Valley Association was created for coordination and scaling.