Swiss fintech firm Amun AG currently offers crypto exchange-traded products in Switzerland and Germany, but the company has received regulatory clearance to expand its business to other countries in Europe. The firm will now offer ETPs in Sweden and European Union markets.
Amun AG currently offers nine crypto ETP products.
The Swiss-based crypto company currently offers nine cryptocurrency ETP products, including bitcoin-based ETP, Ether-based ETP, and XRP-based ETP. These ETPs are currently being via SIX Swiss Exchange, BX Swiss, and Boerse Stuttgart in Germany and Switzerland. Co-founder of the company Hany Rashwan told The Block that they plan on passporting their Swedish EU approved prospects around the continent to offer all products.
“The regulatory framework in Sweden has been supportive of such initiatives.”
The president of Amun AG, Ophelia Synder, appreciated Sweden’s regulatory framework. She said that they recognize that the regulatory framework in Sweden has been supportive of such initiatives, and they welcome its deliberation. She added that the combination of strong demand for ETPs in Sweden among private investors and institutional clients. She further claimed that the firm is focused on delivering a safe and cost-effective investment platform to its customers via crypto ETPs.
