Digital assets and the tokenization of everything are here to stay. Especially in the past months, record-breaking funding rounds, innovative product launches, and a growing interest in new financial products have dominated global news cycles. At traditional auction houses such as Sotheby’s and Christie’s, artworks converted into non-fungible-tokens (NFTs) are sold for unbelievable prices. At the same time, the cryptocurrency policies of one carmaker are captivating entire markets and nations. In April 2021, Nasdaq valued the leading cryptocurrency exchange, Coinbase, at $76 billion, turning it into one of the 120 most valuable public companies in the U.S.
Switzerland and its Crypto Valley have always been a pioneer with key globally connected players. To understand how things got this far in the first place and where this fascinating journey is leading, CV VC, the Swiss Blockchain Federation and Alexander E. Brunner have launched the first Swiss Digital Asset and Wealth Management Report. The report aims to become a reference publication for a growing industry branch within the financial sector. CV VC already has two standard reports for the Crypto Valley: the CV VC Top 50 Report and the CV VC Global Report.
The Swiss Digital Asset and Wealth Management Report includes for the first time a digital asset ecosystem map highlighting the 40 most important players. The map illustrates the substance and diversity of this nascent industry branch in Switzerland. The report’s author, Alexander E. Brunner, conducted almost 100 interviews with representatives from the economy, politics, and academia to create a clear picture of digital assets in Switzerland.
This map represents the first systematic assessment to categorize and cluster the various providers at different levels. The five digital asset ecosystem categories include:
In an exclusive interview for the report, former FINMA CEO Mark Branson stated that cross-border payment systems are “ripe for innovation” as fees tend to be high and highly intransparent. Therefore, new payment projects are welcomed as long as they satisfy three criteria: security, compliance and client protection. In his view, blockchain technologies promise streamlined processes. According to Branson, as a regulator, one has to be technology-neutral. A simple regulatory principle for him is “same risks, same rules.”
Switzerland has long been a leading financial center. However, its large banks have so far pursued a ‘wait-and-see’ approach when it comes to digital assets. More recently, incumbent hedge funds and investors are increasingly beginning to consider digital assets in their strategies and thus reinforce market demand.
The first Swiss Digital Asset and Wealth Management Report can be downloaded here.
Alexander E. Brunner studied economics and business at the University of St. Gallen (HSG). For many years, he worked in alternative investments and for family offices. In 2019, he published the book ‘Crypto Nation Switzerland’. Today he works as an advisor to international deep tech startups and is a member of the parliament of the City of Zurich. He is also the founder of the Urban Innovation Association, which enables smart city innovations in Swiss cities.
First Swiss Digital Asset and Wealth Management Report illustrates Crypto Valley’s substance and… was originally published in CV VC on Medium, where people are continuing the conversation by highlighting and responding to this story.