PKF Malta vis­its the fa­mous crypto val­ley of Zug

The Malta Business Weekly - - COMPANY NEWS -

PKF Malta ex­ec­u­tives re­cently vis­ited the canton of Zug known for its bud­ding start-ups in the vir­tual world of blockchain. The in­vi­ta­tion was to visit one of the evening gath­er­ings of en­thu­si­asts, ven­ture cap­i­tal­ists, tech­ni­cal peo­ple and pro­fes­sion­als of the in­dus­try.

Such gath­er­ings are typ­i­cally held on a weekly ba­sis at the premises of an in­no­va­tion-churn­ing nu­cleus called Crypto Val­ley Labs. The scene was com­plete with a net­work­ing floor and a Bit­coin ATM which gave a feel of the Zug ecosys­tem: a colour­ful, self-as­sured, in­tel­li­gent and very po­lite out­fit, poised to be­come the num­ber one des­ti­na­tion for blockchain ap­pli­ca­tions.

Ge­orge M. Man­gion, se­nior part­ner of PKF Malta said that “dur­ing our visit we had the op­por­tu­nity of meet­ing one of the founders and board mem­bers of a suc­cess­ful start-up, Ralf Glabis­chnig. He shared with us the dream be­hind his am­bi­tion to turn CV VC (Crypto Val­ley Ven­ture Cap­i­tal) into a global player. Later we were given a tour of the premises. This turned out to be a state-of-the-art net­work of of­fices, hot de­sk­ing sys­tems, meet­ing rooms and recre­ational spa­ces, all fre­quented by Zug’s fresh­est and most as­pir­ing minds.”

CV Labs op­er­ates a blockchain start-up in­cu­ba­tor pro­gramme that gives each qual­i­fy­ing start-up $125K in seed fund­ing which is then fol­lowed through in a three­month pro­gramme in ex­change for eq­uity or to­kens. Start-ups are thus ex­posed to ideas from vi­sion­ary en­trepreneurs, ad­vi­sors and men­tors in the blockchain space.

Crypto Val­ley is to­day home to a thriv­ing ecosys­tem with roughly 600 crypto start-ups and foun­da­tions in­clud­ing some of the bright­est names in the space, in­clud­ing Con­senSys, Shapeshift, Dfin­ity, Aragon, Ban­cor, and many more.

Glabis­chnig is also man­ag­ing part­ner of a Swiss In­for­ma­tion Man­age­ment Firm whose clients in­clude among them Swiss Life and Credit Suisse. The firm has also made a clear foot­print in the blockchain fi­nance space where they have part­nered with a tech firm to de­velop de­cen­tral­ized ap­pli­ca­tions for in­sur­ance on the Ethereum blockchain.

This was not the first time PKF vis­ited the cen­tre of dis­rup­tive tech­nolo­gies. They vis­ited Sil­i­con Val­ley and MIT, its Chi­nese coun­ter­part Shen­zhen, Pol­ish in­cu­ba­tors and Ven­ture Café’s in Rot­ter­dam with re­peat vis­its over the last five years. By com­par­i­son, the Swiss Crypto val­ley of Zug was one more stop in the quest for the per­fect R&D breed­ing model that Malta could po­ten­tially em­u­late, dou­bling up as a stance to self-ed­u­cate and gain in­sights into the beck­on­ing world of dig­i­tal revo­lu­tion.

In con­clu­sion Man­gion said: “In pitch­ing Malta’s tra­jec­tory to match the ad­vance­ments reached by Zug, one takes pride in our own am­bi­tion for reg­u­la­tory prow­ess and hopes to match and ex­ceed what oth­ers have achieved. Malta is presently build­ing the world’s most sci­en­tific home base for blockchain de­vel­op­ment.”

From right: Ge­orge Man­gion, se­nior part­ner PKF Malta; Dr Mar­i­lyn For­mosa, head of Le­gal PKF Mala and Ralf Glabis­chnig, co-founder and board mem­ber of Crypto Val­ley labs in Zug and guest

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