Monthly Archives

March 2017

Welcome to Crypto Valley – blockchain's new home in Switzerland  

By | Public Announcements

It is with great pleasure that we announce the launch of the Crypto Valley Association (CVA).

We are an independent, government-sponsored organization located in the Swiss canton of Zug with a mission to build the world’s leading ecosystem for blockchain and cryptographic technologies here in Switzerland.

This is an ambitious goal – but by no means an unrealistic one.

Our members are united in the belief that the same advantages that have propelled tiny Switzerland into globally leading roles in the banking, insurance,pharmaceutical and high-tech sectors will also make it the perfect location for developing and perfecting today’s emerging blockchain and cryptographic technologies.

These advantages include Switzerland’s business-friendly regulatory framework, highly educated talent pool and sophisticated infrastructure, its deep pools of capital and low taxes as well as it’s world-class educational and research institutions.

Switzerland’s deep-seated culture of privacy protection and decentralization – including its citizen-run, direct democracy model of government – also make it an attractive location for those interested in developing the decentralized business and social structures that blockchain technology implies.

The place to be

Crypto Valley’s natural advantages have already made it a magnet for such groundbreaking blockchain projects as the Ethereum Foundation, which in 2014 chose to incorporate in Zug.

The founding members of our association – including well-established enterprises like PwC, Thomson Reuters and Luxoft, ground-breaking startups like Consensys, Monetas and Lykke, the government of Zug and the Lucerne University of Applied Sciences and Arts, among many others – are all committed to spreading the word about these advantages and so strengthening Crypto Valley’s appeal.

Having now launched, our next step is to work with our members to develop a community-driven program targeted at establishing and growing our ecosystem. Our focus includes supporting start-ups and established businesses, making policy recommendations, initiating research projects, and hosting conferences, hackathons, and other industry events.

Come join us

We would invite anyone looking for a home for their decentralized, cryptography-based or related business to consider joining us here in Zug. But no matter where you are located, you are more than welcome to become a member of the CVA and to collaborate with us and our ecosystem.

That’s because, as well as a catalyst, the CVA aims to be a bridge between Crypto Valley and the global cryptographic technologies community – building on our already active connections to international centers of blockchain innovation in London, Singapore, Silicon Valley and New York.

The excitement around the launch of the Crypto Valley Association has been palpable. Within 24 hours of the announcement more than 100 media outlets around the world had run the story. Our first new member registered via our site on the same day – paying its membership fees in bitcoin, as is only appropriate.

If you would like to register, or just find out more about the CVA, please visit our website: You can also follow us on Twitter (@thecryptovalley) or at  LinkedIn

We very much look forward to hearing from you, or better still, to seeing you soon in Zug.



Hack the Valley: Inside Switzerland’s largest blockchain hackathon

By | Public Announcements

Bringing together corporates and startups to explore the potential for blockchain to disrupt and transform the industry.

Over the last two years, we have seen significant investments being made by our largest Financial & Risk customers in validating distributed ledger technologies, often referred to as blockchain. At the same time, our office in Canton Zug, Switzerland, has seen the arrival of many new neighbours – startups whose technology strategies are based on creating differentiation through the use of this emerging technology – so much so that the area has earned the name “Crypto Valley”.

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Switzerland’s CRYPTO VALLEY ASSOCIATION Founded To Build World’s Leading Blockchain and Cryptographic Ecosystem

By | Public Announcements

UBS, PwC, ConsenSys, Monetas, Thomson Reuters, Luxoft among first members; Former UBS Group CIO Oliver Bussmann named President

Zug, Switzerland – March 1, 2017 – Crypto Valley Association, the Swiss-based not-for-profit association supporting the development of blockchain and cryptographic related technologies and businesses, today launched with a number of leading companies and startups as members, including ConsenSys, UBS, PwC, Thomson Reuters, Luxoft, Canton of Zug, and Lucerne University of Applied Sciences and Arts.

Switzerland has established itself as one of the world’s leading countries for digital innovation. Home to hundreds of multinational enterprises, technology companies, and financial institutions, the country boasts world-leading infrastructure, a sophisticated workforce, and one of the world’s most decentralized, stable and neutral political systems.

Headquartered in the Swiss canton of Zug, Crypto Valley Association is the independent, government-supported association established to take full advantage of Switzerland’s strengths to build the world’s leading blockchain and cryptographic ecosystem, working with government to foster the development of pioneering digital technologies in Switzerland and internationally. The association will support startups and established enterprises through policy recommendations, initiating and enabling research projects, and organizing conferences, hackathons, and other industry events.

Crypto Valley Association is led by President Oliver Bussmann, Founder and Managing Partner of Bussmann Advisory and ex-CIO of UBS and SAP; Vice President Vasily Suvorov, Vice President Technology Strategy Luxoft; and Treasurer Professor René Huesler, Director of the Lucerne School of Information Technology, Lucerne University of Applied Sciences and Arts.

“Blockchain and cryptographic related technologies and businesses are the wave of the future. With the founding of Crypto Valley Association, we are promoting more than a region: we have founded a global association as a base for the sector’s most innovative and forward thinking companies, further strengthening Switzerland’s position as a leading centre of innovation in this sector,” said Oliver Bussmann, President of Crypto Valley.

Crypto Valley Association is drawing venture capital, private equity, media, established IT firms, universities, and young startups. Network effects include attracting a highly skilled labor force and developing a rich ecosystem of resources and know-how for entrepreneurs and established players. Founding members include: PwC, Luxoft, UBS, ConsenSys, Thomson Reuters, Lucerne University of Applied Sciences and Arts, Lykke Corp, Monetas AG, iprotus GmbH, Inacta AG, bacademy, Canton Zug, Lakeside Business Center AG, Lakeside Partners AG, Leon Partners and the City of Zug.

“Emerging technology such as Blockchain and Crypto-technologies are at the heart of the digital transformation of Financial Services. PwC have explicitly made digital one of our key priorities and support a number of initiatives around the world to foster innovation. By supporting and being part of the Crypto Valley in Switzerland, we engage with a rapidly growing ecosystem and contribute our expertise and perspectives on how to leverage technology for positive change in society,” said Manoj Kashyap, Global FinTech Leader for PwC.

“As the largest blockchain startup, ConsenSys is proud to support and be part of the Crypto Valley Association in Switzerland. Through this initiative, we look forward to opportunities to collaborate with likeminded organizations that understand the power of blockchain to reshape our world for the better, and are committed to accelerating the adoption of decentralized technologies in use cases that range from government, to enterprise, to humanitarian impact,” said Joseph Lubin, Founder of ConsenSys.

Speaking on the announcement, Veronica Lange, Head of Innovation at UBS said, “Blockchain technology could transform the financial industry and help to create new and improved financial services for clients. Collaboration on innovation is core to our strategy and especially needed for blockchain. UBS strongly supports activities to build out the FinTech ecosystem in Switzerland, and is pleased to join the Crypto Valley Association to drive further collaboration on blockchain technology in the region.”

“We see Blockchain and Distributed Ledger Technologies at the core of Digital Transformation. Many of our clients across key verticals are embarking on pilot projects and are considering decentralized, breakthrough business models. The Crypto Valley Association is a valuable ecosystem for the exchange of ideas, and as a technology partner, Luxoft will benefit from constant involvement in diverse technical, business, legal, and academic communities. We are committed to further strengthening and expanding the Crypto Valley Association’s core mission through our technical and thought leadership contributions,” said Vasily Suvorov, Vice President Technology Strategy Luxoft.

“Thomson Reuters Labs around the world collaborate with customers to solve big problems and rapidly prototype and validate solutions across technologies.  We have been particularly impressed with the calibre of individuals in the Zug ecosystem, with participants bringing novel ideas and engaging in more detailed discussions than in other forums. The formation of Crypto Valley Association has already engaged local government, startups, venture capital and larger corporations. This gives us access to a pipeline of interesting startups, talent and an opportunity to participate directly in initiatives driving the technology,” said David Craig, President Financial & Risk Business, Thomson Reuters.