Crypto Valley’s top 50 companies: $44bn market capitalisation and five unicorns

Zug-based investor and incubator CV VC, in collaboration with PwC Strategy & Switzerland and inacta, has put together the first ever list of the top 50 companies in Crypto Valley.

Blockchain companies employ around 3,000 people in Switzerland and Liechtenstein and have a combined market capitalisation of $44 billion. Included among the top 50 are five unicorns: Bitmain, Cardano, Dfinity, Ethereum and Xapo.

As of 30^th September, over 600 ventures in Switzerland and Liechtenstein were registered on CV Maps, an online directory created and maintained by CV VC. That’s nearly double the number recorded in spring of this year.

“The top 50 report shows that Crypto Valley has retained its appeal as a location for blockchain companies from all sectors” says Ralf Glabischnig, Founder and Managing Partner of inacta, which built the CV Maps database.

Partnership with PwC

CV VC’s collaboration with PwC on the top 50 report is part of a strategic partnership between the consulting firm and CV Labs, CV VC’s co-working space in the centre of Zug.

Daniel Diemers, PwC Strategy & EMEA Blockchain Leader, says: “Crypto Valley has grown enormously in a few years. Even two or three years ago, there were just 10 to 15 companies in the blockchain industry. PwC was quick to realise the potential of blockchain and how it is important for companies to understand the technology and to get close to innovative startups in the field. Partnering with CV Labs and CV VC gives our clients this access. From the other direction, we also want to bring startups closer to potential investors and partners.”

“The strategic partnership with PwC shows that established companies are now entering the blockchain industry,” adds Mathias Ruch, CEO of CV VC.