cryptix LABS takes up residence in Vienna's Millennium Tower

cryptix LABS takes up residence in Vienna's Millennium Tower
10.01.2019 06:44 am

cryptix LABS takes up residence in Vienna's Millennium Tower


cryptix AG was founded 2017 in Zug, the Swiss melting pot region for blockchain companies. Now the company is taking its next step out of the Swiss Crypto Valley with the opening of cryptix LABS in Vienna. The Austrian capital will be enriched by an international research and development company with its focus on blockchain technology. Armin Reiter, system architect and experienced consultant in the technology market, is the new managing director of cryptix LABS.

"Here we are in the midst of a yet relatively unexplored high-tech market with incredible future potential. As a young engineer and innovation enthusiast, I am excited about this new challenge. It is an outstanding opportunity to be able to build cryptix LABS in Vienna with a motivated and dynamic team ", Mr. Reiter responds to the question about his new position. cryptix LABS specifically works on the research and development of various digital currencies and considers the blockchain technology clearly the main topic in the current public dialogue. Bernhard Koch, CEO of the Swiss cryptix AG, comments on the expansion of the parent company and the new Austrian branch as follows: "The issue of cryptocurrencies is highly interesting and in the following years many industries will change significantly. As a company we deeply believe the blockchain technology to influence small and medium-sized businesses in particular. We have recognized this technological market change and the opportunities resulting from it. This is the reason why we would like to set up our companies early on an international basis."

In addition to research and real economic implementation of the blockchain technology cryptix LABS is also devoted to other fields of innovation. Therefore, managing director Armin Reiter clearly emphasizes the additional work regarding other distributed ledger technologies such as Tangle and Hashgraph. cryptix LABS not only foresees the economic future but actively shapes it with its own application options for business customers. This orientation towards the future is also evident in the selection of the new headquarters in Vienna’s Millennium Tower, which is regarded as an incubator for blockchain-affine companies. In this context, the location for the international company provides the ideal infrastructure to be able to develop sustainably and get easy access to like-minded entrepreneurs.

Related News

Token 2049: Ethereum Supermeetup 2019 Recap

As part of the Token 2049 event, the Ethereum Supermeetup 2019 is the first of its kind held at the luxurious Kerry... Read more »

IBM Blockchain World Wire, a New Global Payment Network, to Support Payments and Foreign Exchange in More Than 50 Countries

MONEY 20/20: IBM (NYSE: IBM) today announced IBM Blockchain World Wire, a real-time global payments network for regulated financial institutions, is officially accessible in a... Read more »

Nodal Labs signs £250m deal with Minstrell Recruitment

Nodal Labs, the world’s first blockchain-powered freelance marketplace, has today announced a £250m partnership deal with Minstrell Recruitment, which will streamline its... Read more »

Invesco launches blockchain ETF with Elwood Asset Management

Invesco is launching an innovative ETF (exchange traded fund) designed to target companies with potential to generate real earnings from blockchain technology. The Invesco... Read more »

Avaloq joins the Enterprise Ethereum Alliance

Avaloq, a leading fintech company and international provider of software as a service (SaaS) and business process as a... Read more »

SETL announces start of corporate reorganisation further to successful completion and approval of the regulated CSD development

In line with its 2018 strategic and operational plan, SETL the London based institutional payment and settlement infrastructure provider using blockchain technology, has... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App