Zurich-based Trust Square is further expanding at its prominent Bahnhofstrasse location.
By the fourth quarter of this year, the world’s largest blockchain hub of its kind will cover more than 3,000 square metres and offer over 300 workstations to startups and researchers. The expansion underscores Switzerland’s ambition to further strengthen the country’s position as a leading location for blockchain innovation on an international scale.
Right from its start in April 2018, Trust Square’s more than 200 desks have been fully booked. Some 40 startups and research projects are currently working at the hub in the heart of Zurich on various blockchain use-cases. Building on this success, Trust Square has now announced it will increase its capacity in the fourth quarter of this year by renting additional office space at its current location. With the expansion from today’s 2,300 to more than 3,000 square metres, Trust Square is turning into the world’s largest blockchain hub.
In addition to the expansion, Trust Square has renewed its lease at Bahnhofstrasse until the end of 2019 and is currently in discussions about a further extension. In parallel, Trust Square is assessing options for a longer-term location.
NEO and Circle join list of Trust Square residents
In September, Trust Square will add two further high-profile names to its list of residents with the blockchain project NEO establishing its presence at Bahnhofstrasse and crypto finance company Circle moving into the Zurich hub. Welcoming these global and highly respected projects to Trust Square, further underscores the attractiveness of Switzerland as a blockchain location.
Trust Square co-founder Daniel Gasteiger said: “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. Turning Trust Square into the world’s largest blockchain hub will further increase its appeal to blockchain experts from around the globe.”
Head of the Department for Economic Affairs of the Canton of Zurich Carmen Walker Späh was equally pleased about the strong demand for additional working space at Trust Square: “The highly dynamic development underscores the importance of Zurich as an international blockchain location. The combination of startups, established players, research institutions and conducive framework conditions seems to be the ideal recipe for success.”