Crypto Valley Association Founded in Swiss Canton of Zug

UBS, PwC, ConsenSys, Monetas, Thomson Reuters, Luxoft among first members. Former UBS Group CIO Oliver Bussmann named President.

The Crypto Valley Association, a Swiss-based not-for-profit association supporting the development of blockchain and crypto-related technologies and businesses, was launched today in the Canton of Zug. Members include big companies as well as startups like, Lykke Corp, ConsenSys, UBS, PwC, Thomson Reuters, Luxoft, and Lucerne University of Applied Sciences and Arts.

The new body is led by President Oliver Bussmann, founder and Managing Partner of Bussmann Advisory and ex-CIO of UBS and SAP; Vice President Vasily Suvorov, Vice President Technology Strategy Luxoft; and Treasurer Professor René Huesler, Director of the Lucerne School of Information Technology, Lucerne University of Applied Sciences and Arts.

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Oliver Bussmann

“Blockchain and cryptographic related technologies and businesses are the wave of the future. With the founding of Crypto Valley Association, we are promoting more than a region: we have founded a global association as a base for the sector’s most innovative and forward thinking companies, further strengthening Switzerland’s position as a leading centre of innovation in this sector,” said Oliver Bussmann, President of Crypto Valley.

“Thomson Reuters Labs around the world collaborate with customers to solve big problems and rapidly prototype and validate solutions across technologies. We have been particularly impressed with the calibre of individuals in the Zug ecosystem, with participants bringing novel ideas and engaging in more detailed discussions than in other forums. The formation of Crypto Valley Association has already engaged local government, startups, venture capital and larger corporations. This gives us access to a pipeline of interesting startups, talent and an opportunity to participate directly in initiatives driving the technology,” commented David Craig, President Financial & Risk Business, Thomson Reuters.

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