the SIX Swiss exchange was listed on 2. April the world’s first XRP-based Exchange Traded Product (ETP) under the Ticker symbol AXRP. Thus, the Swiss Amun AG publishes the first Ripple-based Exchange Traded Product (ETP). The Fund is, ultimately, the performance of the second largest crypto-currency after Bitcoin.
Tabea Rossol
4. April 2019BTC$4.890,77 -1.03%Facebook Twitter LinkedIn xing mail
The Swiss Amun AG is the first Ripple-based Exchange Traded Product (ETP). Similar to an index Fund, the ETP is, however, the performance of the crypto-currency Ripple (XRP). For the first time, investors can invest through a traditional financial product in XRP.
Amun AG: a pioneer in the crypto-IPO
The new XRP product is accordingly the fourth in the series of crypto-based financial products of the Amun AG. The young company has, in the end, the goal “to facilitate access to all the major crypto currencies for investors,” said co-founder Ophelia Snyder in the press release to XRP-ERP. The Ripple Fund, so the hope of the Swiss company, is the missing piece of the Puzzle in order to reach as large a circle of customers.
In September 2018, the FinTech Start-Up published the world’s first crypto-Index, under the Ticker name HODL. The so-called crypto-Basket Index is comprised of the five largest cryptocurrency in terms of market capitalisation and liquidity. It is made up of the Bitcoin, Ripple, Ethereum, Bitcoin, Cash, and Litecoin. The Bitcoin ETP ABTC and the Ethereum-based ETP against the city aether followed.
Swiss company with big plans for the future
According to the Amun-crypto-products, belong to the most actively traded ETPs on SIX of the last three months. The young company is even aware of it. Six to eight more launches on the Basis of crypto-currencies Amun AG is planning for 2019.
All of the ETP-products of Amun AG are based on the own platform of Amun, Onyx. The platform regulates the distribution of the products, after they are traded on the SIX stock exchange. The platform but also for external customers. You should be able to create their own in the future traditional and tokenized Exchange-Traded Funds (ETFs).
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