The CV VC, in collaboration with PwC, have published their report on Crypto Valley’s Top 50 this morning – recognising Quant Network as one of the largest and most important companies in Switzerland and Liechtenstein’s Crypto Valley Blockchain cluster.

Investment company CV VC develops the Top 50 report in collaboration with PwC Strategy& and Inacta as part of a long-standing strategic partnership which aims to identify innovative startups in the blockchain field and bring them closer to potential investors and partners.

The report shows that growth in Switzerland and Leichenstein’s Crypto Valley Blockchain cluster has remained strong despite the severe market downturn in 2018. At the end of December, their online directory of blockchain companies recorded 750 blockchain companies – a growth of almost 20% compared to September 2018.

The core 50 have a combined valuation total of $20 billion and include four well-known startups valued at over $1 billion. These so-called ‘unicorns’ are Bitmain, Cardano, Dfinity, and Ethereum.

Quant Network is a new addition to the list, joining 14 other crypto companies who have entered the Top 50 since September 2018.

Quant Network CEO Gilbert Verdian, “We are excited and honoured to be recognised among this top 50 list, we look forward to building a future that enables trusted interactions between companies and people”.

Mathias Ruch, Founder and CEO of CV VC said: “This new report clearly reflects the market correction that started in early 2018, which is significantly based on cryptocurrencies. However, it also shows that companies developing blockchain-based applications and infrastructure solutions have been able to keep up, while an impressive number of new startups with innovative use-cases have risen to the top.”