Not-for-profit association Crypto Valley Association – CVA, established to support the development and dissemination of cryptographic technologies, blockchain, and other distributed ledger technologies, has announce that KPMG Switzerland is joining as its first Strategic Partner. CVA supports start-ups and other companies, both in Zug, Switzerland and internationally. Crypto Valley’s mission is to shape an open, free and prosperous economy spanning multiple sectors.
A prominent provider of audit, tax and advisory services, KPMG Switzerland is an innovator in the area of digital transformation. Its Initial Coin Offering and Blockchain specialists already operate from Zug’s Crypto Valley, where they effectively help credible blockchain and cryptocurrency start-ups navigate the ICO process, structuring and compliance in Switzerland and abroad.
With KPMG Switzerland as its Strategic Partner, the CVA is forming a new Tax, Accounting and Structuring Working Group as well as a Cyber Security Working Group, both to be chaired by KPMG.
Oliver Bussmann, President of the Crypto Valley Association, said: “We are delighted to welcome KPMG as a Strategic Partner. Tokenization is adding whole new dimensions to taxation and accounting, and developments in these areas will be of crucial interest to our members and startups going forward. As one of the world’s leading firms in tax, accounting and structuring, as well as the associated cyber risks, KPMG has the perspective and expertise to provide useful insight and support.”
Tax Partner for KPMG’s blockchain and crypto business, Frank Lampert remarked: “Blockchain technology is set to revolutionize many aspects of business, industry and society. We are proud to actively contribute to the success of digital Switzerland through a strategic partnership with the CVA.”
Bussmann added: “This announcement marks a significant milestone for our organization. Over the past six months the CVA has enjoyed explosive growth, far surpassing our expectations. While welcome, this growth has stretched our resources. Our new Strategic Partners will help us build a more solid foundation. The financial assistance and expertise of our sponsors will allow us to professionalize our setup and provide our members with increased services and support. Sponsorships will also help us keep the cost of membership for individuals and startups affordable.”