The value of the biggest companies in Zug's crypto valley is approximately CHF 43 billion, according to a study from CV VC, PwC and Inacta.
The report tracked the top 50 blockchain-related companies in the region, and found five of them to be 'Blockchain Unicorns' – companies valued at more than CHF 1 billion.
While the majority of those companies did not fall into the financial industry sector, Bitcoin wallet and vault company Xapo did.
Xapo currrently has approximately CHF 40 million in funding and is worth CHF 1 billion.
Other financial companies in the top 50 included asset management and investment mangers Tend, Maecenas and Melonport, as well as newly Finma-regulated Crypto Finance.