ivault Brings its Blockchain-Powered Sharing Economy to Austria in First Expansion

ivault:- December has become a defining month for the global crypto industry. From Robinhood’s expansion into Indonesia and Binance strengthening its footprint in Dubai, to major firms securing national bank charters, leading crypto and blockchain companies are closing the year with decisive moves.

Joining this list is Swiss blockchain startup ivault, which ended 2025 by marking its first international expansion. Making a significant impact in shared economy space, the startup is bringing its blockchain-powered sharing economy model to Vienna, Austria.

Built on the idea of using blockchain incentives to encourage local sharing and sustainable consumption, iVault has quietly made headlines over the years. It has been rethinking how communities borrow, lend and reuse everyday items.

Also Read: What ivault is?

ivault Expands in Austria

ivault officially entered Austria with its launch in Vienna in late November. However, rather than a quiet product release, the company introduced its sharing-economy platform through a dedicated launch event that brought together sustainability advocates, Web3 builders, local media, and early adopters.

The Vienna debut was designed as a live product test rather than a conventional press showcase. Attendees interacted directly with the platform, downloading the iVault app on-site, scanning QR codes. Austrians were also seen experimenting with real listings for everyday items such as tools, event equipment, and household goods.

Arman Sarhaddar, ivault founder said, “The goal was to demonstrate how blockchain-backed sharing works in practice – not just in theory.”

Interestingly, the Vienna launch not only signals the company’s geographic expansion beyond Switzerland, but also underscores growing interest in token-backed sharing economies across Europe. This comes as cities look for technology-driven solutions to reduce waste and strengthen community participation.

Why Vienna Became iVault’s First International Market

Austria has been developing as a pro-crypto region in the EU. The country has been granting MiCA licences to global crypto platforms like KuCoin – becoming a strategic compliance base for crypto firms operating in the EU.

Speaking at the event, founder Arman Sarhaddar explained why Vienna was chosen as iVault’s first step outside Switzerland.

“The city’s strong sustainability culture, high student population, and existing sharing initiatives made it a natural fit for the platform’s model”, he says.

Vienna consistently ranks among Europe’s most liveable cities, with a strong focus on recycling, public transportation, and local innovation.
With a population of over 1.9 million residents and thousands of international students, the city already supports community-driven consumption models such as libraries of things and zero-waste shops.

iVault’s entry builds on this foundation by adding a blockchain-powered incentive layer to existing sharing behaviors.

Also Read: The Team Behind ivault

A Maturity Moment for the Startup?

With Vienna now live, iVault plans to use insights from its Austrian users to refine its platform before entering additional European cities. The company aims to scale its model by replicating the Vienna approach: community-first launches supported by real-world interaction and local adoption.

Interestingly, the startup’s expansion also shows the kind of potential blockchain-powered sharing economy projects possess. It signals a mature moment for the project, where it is now joining the race with bigger companies. ivault is expanding across markets and driving crypto forward beyond just ideas and experimentation.

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