UNLOCK: Blockchain News, Latest Trends and News about Blockchain Technology

Amun crypto investment platform Completes First Round of Funding

Amun crypto investment platform Completes First Round of Funding

news

Amun AG, a Swiss fintech aiming to facilitate access to crypto-asset investments, has completed its first funding round,  bringing on board a number of experienced industry figures including Adam Draper, Founder of Boost VC, Graham  Tuckwell, Founder of ETFS Capital, Greg Kidd, Co-Founder of Hard Yaka as well as four family offices. 

Amun is a technology platform for creating crypto indices and issuing crypto products, in addition to listing, settling, and  custody of physically-backed crypto products on public exchanges. Amun listed last Autumn HODL, the world’s first physically backed  ETP (exchange traded product) based  on five leading cryptocurrencies (BTC, ETH, BTC Cash, XRP and Litecoin) which has become the top ETP on the Swiss Stock Exchange  by volume.  The company  quickly followed  up with a  ABTC, Bitcoin ETP, on 27 February and is expected to launch more products in the coming months. “We are bullish on crypto in the long-term and look forward to working  with such  tech and  finance  luminaries to simplify investor access  to the crypto asset class,” says Hany Rashwan, CEO and Co-Founder of Amun. 

Adam Draper, Founder and Managing Director of Boost VC, comments about his investment in Amun: "We are extremely excited about our investment in Amun. The world needs a company like Amun to make crypto as easy  as buying a stock. Now that they were  the first to do that - lot of people  have made  this claim but Hany and  Ophelia  Snyder,  Co-Founders of Amun were  the first to accomplish - they can now provide  the tool set and  be the de-facto platform for anyone else looking to take their crypto assets/securities to the public markets." 

Hany Rashwan, Co-Founder and  CEO at Amun, explains  how the funds will be utilized: “We plan on using the  funds   to  keep   investing  in  our   technical  infrastructure,   to  launch   additional  crypto-tracking exchange-traded products on more  strategies across  multiple geographies, and to help others bring crypto assets to the public markets .” 

Boost VC is a top venture capital firm based  in Silicon Valley. It is famous  for some early investments in major  crypto projects  such  as  Coinbase,  Ethereum,  Ledger  and  Tezos.  ETFS Capital is led  by Graham Tuckwell, who founded  ETF Securities and was also the first to list gold publicly. WisdomTree bought ETF Securities in 2018.  Gregg Kidd is the Managing  Director of Hard Yaka, a top Silicon Valley investment firm that has made  early investments in tech companies such as Coinbase, Robinhood, Ripple, Twitter or Square. The family offices include American, Swiss and Middle Eastern corporations.

Source: Arun
Home

Copyrights © 2019
Developed by Al-Iktissad Wal-Aamal Co.

Stay updated with the latest Blockchain news. Subscribe and never miss a story!