A fragmented Blockchain world defeats the purpose of the disruption and innovation that decentralised technologies are meant for. Creating a local and global Blockchain Ecosystem is necessary to help organisations in the Blockchain space collaborate to fuel further disruption. as early movers in the Blockchain industry, we have always seen the need to create safe havens for Crypto entrepreneurs, investors, and other stakeholders. Places with regulatory certainty, where innovative enterprises can flourish.
We co-founded the Crypto Valley Association in Zug, a small town in Switzerland that became ground zero for some of the earliest Blockchain bigwigs. The Ethereum-, Cardano-, Tezos- and Web3.0 Foundation among them.
Today we are committed to developing Crypto Valley and Crypto Oasis, to create a balance and democratise the control a few tech companies in Silicon Valley hold. Crypto Valley has become a force to reckon with in the Blockchain and Crypto industry and it has come a long way since Zug was simply a tax haven. The UAE, too, is well on its way to being a true oasis for a Blockchain revolution.
Crypto Valley – One of the leading Crypto Ecosystems in the World
The Swiss financial industry has long been known for security, neutrality and privacy in an environment based on decentralised decision making. This has made the country a magnet for builders and digital asset holders. It has been synonymous with private wealth management and banking for more than a century and with the advent of Cryptocurrency, the country is reinventing itself as a centre for Crypto finance and other decentralised technologies.
Crypto Valley is a self-styled name given to the Ecosystem of Crypto companies and startups in Switzerland. Zug saw entrepreneurs like Vitalik Buterin, the founder of Ethereum, and Niklas Nikolajsen, the founder of Bitcoin Suisse make it their home in 2013. More Blockchain companies came looking for space because Zug offered so much trust & openness, that other cities around the world did not in terms of comfort, regulations, and tax structure.
We did not only invite startups to join in the Lakeside Crypto Lab , that started out of our co-working space in Zug, but also initiated competitions to encourage innovative ideas. Crypto Valley is now the one of the leading Crypto Ecosystems because of these efforts and houses more than 1000 start-ups that focus on Blockchain and Crypto. Witnessing the massive potential of Blockchain, its impact on the world of finance, the Internet of Value, Web3, and the Metaverse, we considered Dubai as a city that mirrors Zug in the security it offers investors and startups, but with a much bigger opportunity to scale.
The UAE is the Future of Crypto
The UAE is uniquely suited to the needs of the emerging class of digital asset holders. It has a history of being a ripe cradle for investment and a reputation for political, economic, and fiscal stability. The UAE has a culture for reinventing itself as per global needs and is accepting of all nationalities. The UAE’s laws and regulatory infrastructure have made it attractive for entrepreneurship and we envisioned Dubai and Abu Dhabi to become a hub for the Blockchain industry.
We defined the Crypto Oasis Ecosystem to congregate a Blockchain community similar to Crypto Valley but bigger in aspirations because the UAE has the better framework to scale fast and grow internationally as a Blockchain destination. In a strategic partnership with the Dubai Multi Commodities Centre (DMCC), a leading free zone, Crypto Oasis has helped numerous Blockchain organisations set up and operate in the UAE. Now we are working with additional partners such as Abu Dhabi Global Markets (ADGM), Dubai Internatinal Financial Center (DIFC) and other economic zones, in implementing the UAE’s Vision to double the contribution of the digital economy to the GDP by 2032.
With our experience, fresh out of Crypto Valley, we founded an Ecosystem in the UAE that is based on exceptional talent and offers an infrastructure that is unparalleled. It has proven to be a fast-paced Ecosystem and a testament to the potential of MENA. We have been working with regulators, businesses, economic zones, and governments to create an attractive regulatory infrastructure that makes it appealing to investors and innovators. Today it is the fastest growing, with more than 1,400 organisations in the UAE alone.
The Crypto Oasis Ecosystem welcomes organisations that offer distributed ledger technology whether in finance, art, NFTs, or the Metaverse, and continues to draw Crypto enthusiasts. With the UAE government making clear moves to legitimize the nascent industry by welcoming big names in Blockchain to the country, as a pioneer in the space, the Crypto Oasis Ecosystem is leading the digital revolution in the Middle East.
The progressive and supportive regulatory environment, a strong pool of industry talent, and matchless opportunities for Crypto innovation make Crypto Oasis a flourishing Ecosystem.