The Swiss fintech company Amun has launched the Amun Ripple Exchange Traded Product (ETP) on the SIX Swiss Exchange. This allows investors to invest in the cryptocurrency ripple via a traditional financial product, according to a statement.
“We are releasing trackers in cryptocurrencies to provide investors with a complete set of tools to buy cryptos as easily as stocks”, says Hunan Rashwan, co-founder and CEO of Amun. Amun ETPs are physically secured. This allows investors to own cryptocurrencies in the form of products listed on regulated exchanges. In addition, an investor would not have to worry about the safety of his private keys in this way.
Digitec Galaxus recently announced that it has accepted ripple and other cryptocurrencies as a means of payment. Read more about it here.
Also published on Medium.