The company Amun wants to make access to crypto facilities much easier. Amun has already released three more crypto products. These have been among the most heavily traded ETPs on the SIX Swiss Exchange over the past three months.
The fintech company has launched the Amun Ripple ETP (AXRP) on the SIX Swiss Exchange. Ripple is the world’s third largest crypto currency after Bitcoin and Ethereum. Which was developed in 2012 for banks and payment networks as a payment, transfer and currency exchange tool.
Co-founder and CPO Ophelia Snyder at Amun explains that they started an ETP in November last year. Which is a basket of the leading cryptocurrencies. Now they are launching trackers for each of the three largest cryptocurrencies. The Ripple ETP was a missing puzzle piece. Theirr goal is to facilitate access to all major cryptocurrencies for investors.
Successful products on the SIX Swiss Exchange
The introduction of the Ripple ETP (AXRP) follows the listing of three ETPs in the last five months. Providing access to the most important cryptocurrencies such as HODL, Bitcoin (ABTC) and Ethereum (AETH).
All three ETPs are listed on the SIX Swiss Exchange, where they record high trading volumes. According to a press release issued by Decentralbox, the Amun Crypto Basket Index ETP HODL has been the highest performing ETP on the SIX since its inception. HODL has an average trading volume of 22,512 shares.
Co-founder and CEO Hany Rashwan of Amun adds that they’re launching cryptocurrency trackers to provide investors with a complete set of tools. Which they can use to buy cryptos as easily as stocks. Their products are designed to solve the security and custody issues that used to occur with crypto investments.
Amun ETPs security and financing round
The ETPs of Amun should be physically secured and thus offer a unique selling proposition. No other provider provides physically secured ETPs. Investors can now have cryptocurrencies in the form of financial products listed on regulated exchanges without worrying about the safety of their private keys.
Amun recently announced that it has completed its first round of financing and brought a number of seasoned industry greats aboard. Among them are Adam Draper, founder of Boost VC, Graham Tuckwell, founder of ETF Securities, Greg Kidd, co-founder of Hard Yaka, and four family offices.