Crypto Valley in Zug continues to grow: the internationally active digital bank The Kingdom Bank announced its expansion into Switzerland on Tuesday evening — including representative offices in Zug, Zurich and Geneva. At the same time, the institution is launching its own utility token, the «Kingdom Coin.»

The announcement was made during an event at CV Labs, where bank representatives presented their growth plans. According to management, the decision to establish a presence in Zug is strategic: demand from Switzerland’s blockchain and fintech ecosystem is high, particularly among companies that face difficulties accessing traditional banking services.

Operational Only for a Few Years

Founded in 2016 and holding a…