Amun is expected to launch for ETP products in coming months
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.