Zurich’s Trust Square Wants To Be “The Biggest Blockchain Hub in the World”

Blockchain, News | September 14, 2018 By:

Switzerland’s blockchain hub Trust Square is expanding its Bahnhofstrasse location to cover more than 3,000 square meters.

Launched in April 2018, Trust Square is a blockchain hub based in the city of Zurich, a global center for banking and finance. The hub offers a space for innovative ideas to flourish. It brings together entrepreneurs, early-stage ventures, businesses, investors, academics and researchers and allows them to pursue their visions in an open, versatile and diverse environment.

Trust Square announced that by the fourth quarter of this year, its prominent Bahnhofstrasse location will cover more than 3,000 square meters and will offer over 300 workstations to startups and researchers. The hub has also renewed its lease at Bahnhofstrasse until the end of 2019 and is currently in discussions about a further extension.

“There’s a huge demand for a place like Trust Square. We’re particularly pleased about the diversity and quality of companies and projects that have taken up residence at our hub,” Trust Square co-founder Daniel Gasteiger said. “Turning Trust Square into the world’s largest blockchain hub will further increase its appeal to blockchain experts from around the globe.”

At present, the hub provides 220 desks and around 40 startups and research projects are working at the hub on various blockchain use cases. Trust Square residents include some of the major companies in the blockchain and crypto space, such as NEO, Circle, B3i Services, ConsenSys, Bitmain, and Lykke, among others.

“The highly dynamic development underscores the importance of Zurich as an international blockchain location,” said Carmen Walker Späh, Head of the Department for Economic Affairs of the Canton of Zurich. “The combination of startups, established players, research institutions and conducive framework conditions seems to be the ideal recipe for success.”