Home Bitcoin News Bitcoin ETP of Swiss firm Amun accepted by Swedish Financial Supervisory Authority (SFSA)

ETP of Swiss firm Amun accepted by Swedish Financial Supervisory Authority (SFSA)

ETP of Swiss firm Amun accepted by Swedish Financial Supervisory Authority (SFSA)
  • The press release states that Amun is the first issuer to deliver fully collateral and passive investment products with cryptocurrencies as an underlying asset.
  • Amun has plans to expand into the European Union its current product portfolio of digital asset traded products (ETPs).
  • The press release emphasized on their mission, which is to provide investors with a safe and cost-effective platform to invest in various crypto asset classes via their crypto ETPs.

The base prospectus of the Switzerland based firm Amun AG was approved by the Swedish Financial Supervisory Authority (SFSA) according to an announcement made by Amun AG on December 10th.

Traditionally, a base outline is a document published by the issuer in association with a Programme and is made available to prospective investors. It is also known as information memorandum or offering circular.

In this case, a base prospectus taken to mean an offering that enables a firm to file for registration.

The press release states that Amun is the first issuer to deliver fully collateral and passive investment stocks with cryptocurrencies as an underlying asset.

Amun has plans to expand into the European Union its current product portfolio of digital asset traded products (ETPs) and is advancing its mission of leading the delivery to cryptocurrency and cluster markets of professional-grade investment products.

Founded in 2018, a team of talented serial companies and seasoned technical and financial professionals leads Amun. Headquartered in Zug, the company launched several international premieres, including in November 2018, the first listed HODL crypto index.

The company has offices in Zurich, Berlin and New York. Amun makes it as easy as buying shares with your conventional broker or bank to invest in crypto capital.

Investors can quickly, safely, cost-effectively, and under a controlled system on SIX Swiss Exchange, BX Swiss and Boerse Stuttgart invest in cryptocurrencies using a traditional ETP structure. Amun today has nine cryptos ETPs, and AuM has total listed and scheduled ETPs for over $55 million.

Amun’s President, Ms. Ophelia Snyder, emphasized their mission, which is to provide investors with a safe and cost-effective platform to invest in various crypto asset classes via their crypto ETPs.

They take immense pride in having been able to finish this task within four months of its consultancy period. They recognize Sweden’s supportive regulatory framework, which is open to such new initiatives.

It has proven to be ideal for Amun in making an entrance to the Swedish and European Union markets for ETPs along with immense demand, especially in crypto assets.

The massive demand among institutional clients and private investors, coupled with their experience and expertise in the field, has proven to be perfect for Amun.

They have guaranteed the highest standards of professionalism and look forward to a cordial, productive, and collaborative relationship with the Swedish and European markets.

They have clarified that the Base Prospectus is not an endorsement by the SFSA while also alerting potential investors to thoroughly go through the Base Prospectus before making any investment decision.

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Prerna Sengupta
Prerna Sengupta is a writer for Thecoinrepublic. She is a law student at NALSAR University of Law, Hyderabad. She is interested in Tech Law and is especially keen on cryptocurrency, blockchain, and Bitcoin. She hopes to pursue this field in the future as a lawyer.

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