Blockchain companies are still creating jobs in Switzerland

Yesterday CV VC published the newest edition of its Top 50 report. The report identified 842 companies active in the crypto sector in Switzerland and Liechtenstein. The valuation of the Top 50 companies remained more or less stable as long as Etherum is excluded. Libra, Bittrex Global, and CasperLabs have been added to the list of the Crypto Valley Top 50 companies.

Strong development of the sector continues regarding job creation with more than 10% of the firms in Crypto Valley increasing employment in the last six months. The number of staff of the Top 50 companies list located in Crypto Valley continues to increase and is now at 733 (14,7 on average). The financial services cluster is driving innovation and growth, reflected by the newly introduced category crypto banks, which currently includes Seba Bank and Sygnum Bank.

According to the report 13 companies have more than 20 employees in Switzerland. A year ago only seven were above this threshold. Companies with more than 20 employees in Switzerland include:

Bitcoin Suisse (100), SEBA (76), Sygnum (60), Crypto Finance (35), modum (33), Dfinity Foundation (32), Lykke (30), Taurus (25), 4ARTechnologies (22), Deon Digital (21), Securosys (20), CoreLedger (20), Nexo (20)

4ARTechnolgies, CoreLedger and Nexo are new to this list.

4ARTechnologies sets a new standard for the global art world. Combining patented and cutting-edge technologies, 4ART brings together all art market stakeholders. Their „Augmented-Authentication-Technology“ allows users to create a unique digital fingerprint of virtually any artwork using their smartphone and secure the fingerprint and provenance across generations with the Blockchain. This foundation for future use cases permanently links the digital information to the physical object and allows for the creation of digital condition reports, certificate transfers and many vital tools of the art trade. 4ARTechnologies is a Swiss company.

The CoreLedger platform allows users to digitize goods and services without programming effort. Thanks to blockchain technology, these assets can be securely and irrevocably transferred with immutable and unfalsifiable proof of ownership. The Swiss entity is an affiliate of the CoreLedger AG based in Liechtenstein where the company was founded in 2017.

Nexo is a leading crypto lending provider registered in Zug. The company has processed $1B+ for a continually growing 500K+ user base. Nexo is powered by Credissimo - a Leading FinTech Group headquartered in Bulgaria serving millions of people across Europe for over 10 years. While Nexo is a separate legal entity, the majority shareholders (which are the founders) of Credissimo are majority shareholders and founders of Nexo.