Field guide · Zug, Switzerland

Crypto Valley

Switzerland's tax-friendly canton became Ethereum's birthplace.

Zug, a 25-minute train south of Zurich, became known as "Crypto Valley" after the Ethereum Foundation incorporated there in 2014. The canton's low corporate tax rate, friendly regulatory stance from FINMA, and a small but dense cluster of crypto firms (now including the Cardano Foundation, Tezos, Bitcoin Suisse and Sygnum Bank) make it a meaningful node in the global digital-assets industry. Glencore is also headquartered next door in Baar.

World map showing Crypto Valley, Zug, Switzerland (47.2°N 8.5°E) within the Europe financial region.Crypto Valley pinned at 47.2°N 8.5°E; arc connects to the Europe regional hub in London.LondonZug47.2°N 8.5°EEUROPEARITHMOS · LOCATION MAP
Crypto Valley · Zug, Switzerland47.2°N 8.5°Eregional hub: London

Origin

Zug had been a low-tax canton since the 1940s. Ethereum's incorporation as a Stiftung (Swiss foundation) in July 2014 catalysed the cluster; subsequent ICO booms and the Crypto Valley Association formalised it.

Who works here

  • Ethereum Foundation
  • Cardano Foundation, Tezos, Polkadot's Web3 Foundation
  • Bitcoin Suisse, Sygnum Bank, SEBA / AMINA Bank
  • Glencore (commodities, Baar)

Landmarks

  • Crypto Valley Association office
  • Ethereum Foundation registered address
  • Glencore Baar campus

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  3. An index of Swiss-listed crypto-adjacent banks and asset managers.open in builder →
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