The Zurich-based blockchain hub is planning to expand just one year after launching on the city's elite shopping and banking mile, finews.com learned. It is also stretching feelers out to Asia.
The blockchain cluster on Zurich’s prestigious shopping mile which recently turned one now houses more than 40 start-up and roughly 250 employees. If Trust Square initially made a splash by projecting a huge bitcoin symbol on the neighboring offices of the Swiss National Bank, the hub has since grown up and drawn international attention.
In October, Seoul's mayor, Park Won-Soon, led a Korean delegation to Switzerland, where he inked a pact to more closely link up to the alpine nation's burgeoning blockchain technology hub. The visit appears to be bearing fruit: Trust Square is working on a partnership with Seoul to set up a local technology center, finews.com has learned.
Tackling Trust
Run by Daniel Gasteiger, a former banker who used to run the office of UBS Chairman Axel Weber, Trust Square will cooperate with start-ups and researchers involved in artificial intelligence and the internet of things, IoT, in order to tackle the topic of trust.
The hub, remarkable because it is the first sign of blockchain, crypto, and fintech encroaching on the prestigious banking area surrounding Paradeplatz, is also looking to move into new office space next year. Trust Square came into being at the current location after VP Bank of Liechtenstein and a major law firm moved out. The offices provide space for about 200 work stations.
