CV VC consolidates Crypto Valley’s position as the world’s most mature and stable blockchain hub

by Arthur · January 17, 2023

The CV VC Top 50 Report 2022 was presented in Davos today and shows that the Crypto Valley, which includes Switzerland and Liechtenstein, is the most mature blockchain hub. It continued to expand steadily in 2022 due to an exemplary regulatory jurisdiction and a determined decentralized mindset exhibited by the 1,135 entities building from there. The CV VC Top 50 Report 2022 is a testament to the fact that blockchain is evolving into a multi-billion dollar industry in Crypto Valley. While Swiss, the top 50 have an international footprint.

The valuation of the top 50 entities is $185 billion. This breaks down into $175.6 billion for blockchain platforms by market capitalization and $9.7 billion for companies by equity valuation.
Despite the ongoing market volatility, commercial blockchain companies in Crypto Valley have defied typical industry trends, posting an impressive 55% growth in market valuations. The market value of platforms in the top 50 fell significantly by 71%.
There are nine unicorns in Crypto Valley, seven of which are blockchain platforms and two are commercial companies. This is the first time commercial blockchain companies have joined the unicorn herd, indicating the maturity of Crypto Valley.
The Top 50 is composed of 26 platforms and 24 commercial companies, indicating the symbiotic nature of Crypto Valley’s blockchain ecosystem.
Seven blockchain platforms in Crypto Valley are unicorns. They build infrastructure that ensures privacy, freedom, financial inclusion, transparency and efficiency. They will allow billions of people to create, trade and own digital assets.
Two commercial companies in Crypto Valley are unicorns: 21.co, the world’s largest ETP issuer, and Gnosis Safe, manager of digital assets on Ethereum.
The number of companies in Crypto Valley is stable at 1,135. 190 new firms were registered and 183 ceased, which is a balanced performance given the global market turmoil.
Employment has fallen just 4% across Crypto Valley as tech employment shrinks globally.
The top 50 entities for 2022 increased funding by 2.7%, reaching $3.2 billion.

While some may worry that regulation could chill innovation, Switzerland’s standards are a clear advantage.

Crypto Valley is at the forefront of driving progress for components that make up the core infrastructure behind Web3, from decentralized identity solutions to zero-knowledge systems designed to maximize scalability and stake services. New top 50 entries reflect this progress in Crypto Valley, such as:

Iamx.id — the first Self-Sovereign Identity (SSI) solution provider to drive consumer activity.
Bridge Tower – a firm that bridges the value of blockchain venture and DeFi products to institutional investors.

Crypto Valley is synonymous with safety and precision, allowing pioneers to operate with confidence.

Multi-signature wallet protocol Gnosis Safe raised $100 million in 2022. The unicorn’s status is focused on a Web3 ecosystem that is much more secure and accessible to a wider range of users. It builds safety nets like account recovery and hybrid repository to make Web3 more accessible to many more user groups.

The CV VC Top 50 report delves into the pioneers focusing on the fundamental point of blockchain – decentralization – and shows the opportunity for DeFi and DAOs. From a geographical point of view, Zug remains the heart of the Crypto Valley, followed by Zurich and other clusters in Liechtenstein, Geneva, Ticino, Vaud and Neuchatel.

CEO and founder of CV VC Mathias Ruch, commenting on the publication of the eighth edition of the Top 50 report, said:

“The CV VC Top 50 Report is a beacon of hope, reflecting the brilliant minds deeply engaged in blockchain infrastructure and tools, working from the epicenter known as Crypto Valley. The Top 50 Report showcases those who are leading the change towards focus on the core tool that blockchain will deliver to all global institutions, businesses, finance, government and society. The core tool is trust.”

Now in its eighth edition, the event is created by CV VC AG., focusing on market fundamentals and valuation developments in the Crypto Valley, which includes Switzerland and Liechtenstein. The report has been produced in collaboration with Bank Frick.

About CV VC

CV VC and its Web3 ecosystem builder CV Labs is a global blockchain investor with hubs in Switzerland, Liechtenstein, South Africa and Germany. As founders of Crypto Valley, the birthplace of Ethereum and home to the largest herd of blockchain unicorns, CV VC and CV Labs are the hub of Crypto Valley’s ingenuity and a global force driving the dynamism of Web3.