According to the news fintech Amun have recently completed the first round of financing. Adam Draper, the founder of Boost VC, co-founder of Hard Yaka, Greg Kidd, and other entrepreneurs are among the investors of the first hour, according to the announcement.
Fintech Amun makes crypto assets tradable on the stock exchanges
The Swiss company Amun is well on the way to making it easier for investors to invest in cryptocurrencies. According to their own data, Amun launched the world’s first physical crypto index last November. The so called Crypto Basket “HODL5 ETP” is tradable on the Swiss Stock Exchange Six. Its value derives from the price of the most important crypto assets in the market. These are Bitcoin, Ethereum, Bitcoin Cash, Ripple and Litecoin.
Two more products of this kind were launched a little later. According to the announcement, these fintech products are also listed on the Six Exchange.
Hany Rashwan, head and co-founder of Amun, Private Banking Magazine, explained tmore about it. According to him, they plans to invest the funds from the round of financing in their technology infrastructure and to launch additional, publicly traded crypto products. Rashwan was convinced of the long-term success of cryptocurrencies.
Founder of ETF Securities and co-founder of Boost VC
ETF Securities is one of the world’s leading innovators in ETPs. These are investment products that are listed on the stock exchange and how stocks are tradable. ETF Securities offers its clients specialized investment solutions for a variety of asset classes. The company’s ETP portfolio enables investors to intelligently assemble and diversify their portfolios across traditional asset classes and strategies. In 2018, WisdomTree acquired ETF Securities.
Boost VC is a Silicon Valley venture capital firm known for its early investments in Coinbase, Ethereum, Ledger and Tezos.
Also published on Medium.