In the 9th edition of the CV VC Top 50 Report, the Annual Report of the Crypto Valley, the Top 50 Report meticulously captures and quantifies the ecosystem, utilizing a refined methodology to identify the Top 50 entities. A

Aligned with a commitment to providing clarity in charting this dynamic industry, it delves into venture funding activity for the 2023 calendar year, comparing Crypto Valley data to that of Global and European venture funding. The report highlights the deeper foundational factors, regulatory perspective, building blocks, and globally focused impact activities of Crypto Valley pioneers.

Key Findings:

• Crypto Valley Top 50 experiences a 106% valuation surge, reaching $382.93 billion.
• Crypto Valley now counts 1290 companies, a 13.6% increase, with nearly 40% in Zug.
• 13 Unicorns, 10 by token market cap, and 3 by market valuation, a 44% increase.
• 47 blockchain startups in Crypto Valley raised $283.5m.

Global Impact: In 2023, Crypto Valley, spanning Switzerland and Liechtenstein, thrives with assured regulation and a resolute decentralized approach. The CV VC Top 50 Report 2023 published in partnership with MME, underscores the region’s pivotal role as its incumbent blockchain sector evolves into a multi-billion dollar landscape, extending beyond its Swiss origins and impacting globally.

Crypto Valley Top 50 Sector Insights:

• Blockchain networks (34%) and financial services (26%) dominate, followed closely by data management (16%) and infrastructure (14%).
• There’s a notable rise of DeFi, Gaming, and other Web3 companies, with 5 making it into the Top 50 for 2023.

Notable Venture Funding Facts:

• Crypto Valley remains at parity with the global average deal count change, outperforming the European continent.
• Crypto Valley represents 4.8% of all global blockchain venture deals, up from 4.1%.
• Crypto Valley secures an all-time high of 20.4% of European blockchain deals, up from 17.9%.

Blockchain businesses in Crypto Valley account for 10% of all venture funding and 19% of all venture deals in the region in 2023. Zug, Geneva, and Zurich contribute 81% of all blockchain startup venture funding in Crypto Valley across 35 deals, with Zug leading at 17 deals.

Crypto Valley spearheads the advancement of decentralized, trust-based systems through blockchain technology and infrastructure initiatives, driving technology for a world without economic borders. Beyond its stable of 14 Unicorns, newly arrived businesses and associations such as DAO Swiss will join the 1,290 industry entities building the future.

Meanwhile established players’ recent fundraises, such as by Gentwo, Swissborg, and Taurus showcase the sector’s steady growth. Swissborg operates a community-centric cyber bank platform, and Taurus enables financial institutions to tokenize various assets. Gentwo focuses on securitizing both bankable and non-bankable assets, expanding the investment universe.

In one of the largest deals globally, Metaco, the Swiss digital assets custody firm was acquired by Ripple, a US company. New blockchain Unicorns such as Hedera and Copper stand out for their unique contributions, offering efficient and secure solutions in distributed ledger technology and digital asset infrastructure, respectively.

Featured image credit: Edited from freepik