Crypto ETP Issuer Amun Receives Approval From Swedish Regulators

News, Regulation | December 11, 2019 By:

Amun AG, a Swiss FinTech and cryptoasset ETP issuer, has announced the Finansinspektionen, the Swedish Financial Supervisory Authority (SFSA), has approved the Base Prospectus filed by the company.

Founded in 2018, Amun is led by a team of entrepreneurs and professionals from the asset management and banking industry. Headquartered in Zurich, the company has launched several exchange-traded products such as HODL and Bitcoin ETP over the past year. The firm claims to be the first issuer to deliver fully collateralized, passive investment products with cryptocurrencies as underlying asset.

The SFSA approval will enable Amun to expand its current set of product offerings of crypto-based ETPs into the European Union (EU).

Amun President Ophelia Snyder said that their mission is clear and that is to help investors more safely, cost effectively and easily invest in crypto asset classes through their crypto ETPs.

“We are very fortunate to have finished this process within four months of its consultancy period” said Snyder. “We recognize that the regulatory framework in Sweden has been supportive of such initiatives and we welcome its deliberation. The combination of strong demand for ETPs in Sweden – especially in crypto assets – among private investors and institutional clients and our strong expertise in these product categories create ideal conditions for Amun’s entry into the Swedish and European Union markets for ETPs.”