Crypto Valley Collection – Early Summer 2021

Crypto Valley is known to be one of the most “crypto-friendly” regions in the world. But what specifically is happening within the Blockchain ecosystem? “Crypto Valley Roundup” aims to provide information and highlights from selected events every two months.

With the first Blockchain companies settling in the Zug area as of 2013, the term ‘Valley of Cryptocurrencies’ was born early in reference to ‘Silicon Valley’. Thanks to politics and regulation, Switzerland was able to create the legal certainty necessary for a thriving ecosystem around Blockchain and cryptocurrencies at an early stage.

regulator, which provides the necessary legal certainty for an industry, has existed since 2015. Internationally, this is very early for the Blockchain space. Last but not least, the space has enjoyed new corporate settlements and constant development. ecosystem has advanced in various sectors and Crypto Valley has also grown geographically well beyond the canton of Zug. So it’s time to take a closer look at what’s going on.

Marketplace for different digital assets

emergence of digital assets does not only include cryptocurrencies. Another area that is gradually gaining momentum is tokenization. Simply put, it describes the representation of an asset on the blockchain. It may be a small step forward for trading traditional financial products, but for illiquid assets like real estate, art, or commodities, tokenization can open up new worlds. However, trading venues for tokenized assets are largely lacking.

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Taurus Digital Exchange (TDX) is a Swiss company that aims to remedy this situation. new market aims to meet the growing demand from banks and issuers for an open infrastructure for tokenized securities and digital assets. company has already secured necessary approval from the Swiss Financial Market Supervisory Authority (FINMA). Several established banks and financial institutions have also announced themselves as platform partners.

insurance company accepts bitcoins

In mid-April, AXA became the first comprehensive insurance company in Switzerland to announce that it would accept Bitcoin (BTC) for customer payments. company had already seen strong demand for alternative payment methods like cryptocurrencies for some time. With increasing digitization after the Corona crisis, this trend has accelerated. With this decision, the world’s largest insurance company wanted to meet the needs of its clients in Crypto Valley.

AXA has also supported other blockchain projects in the past. For example, they are members and board members of the Cardossier association, which is developing a blockchain platform to digitally represent the life cycle of a vehicle. Together with importers, road traffic authorities and other members, the aim is to increase the transparency and efficiency of the market. In addition, they are participating as sponsors in the Blockchain Challenge of the University of Basel.

Crypto Valley Startup Award

Globally, wealth management companies have made great progress in all areas of digital customer service over the past 18 months. Leading companies have not only managed to stay in touch with their customers in times of social distancing. y have also been able to transform their business carals, expand their service offering and reach new customer segments.

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Aite Group awards program recognizes the innovation of companies that use new technologies to overcome the status quo. With a FINMA SEBA license, the bank has been named “Digital Startup of the Year” in the Digital Innovation Forum in Wealth Management for its transparent, secure and easy-to-use bridge between digital and traditional assets.

Successful round of venture capitalist financing

first cryptocurrency companies in Crypto Valley were founded in 2013. At the moment, many startups have had to do without financial support. Finally, three years later, the first blockchain-focused venture capitalist was founded – Crypto Valley Venture Capital (CV VC). In the beginning, the company began to create a local ecosystem for startups and today it is an integral part of the Swiss crypto industry.

Just over a month ago, the venture capitalist completed a round of financing of 13 million Swiss francs. With the new capital, CV VC aims to further expand its portfolio of emerging companies. So far, the company has invested in 27 blockchain startups from Switzerland, Europe, America, and Africa. Through the full funding round, the next phase of growth should begin, planned by the way are the divisions in Asia and Africa.

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