More news about Amun

Amun has secured $4 million

12.03.2019 08:34

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Hany Rashwan, Co-Founder & CEO of Amun

Less than one year since its incorporation, Amun has already issued two Crypto ETP, which are listed on the Swiss Stock Exchange. To fuel further growth, the startup has secured $4 million from Boost VC, a top venture capital firm based in Silicon Valley, two industry experts and 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.

Last Autumn, Amun listed 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 startup quickly followed up with a ABTC, Bitcoin ETP, on 27 February and is expected to launch more products in the coming months.

Amun has now completed ist first funding round led by Boost VC, a Silicon Valley-based venture capital firm focusing on early investments in major crypto projects such as Coinbase, Ethereum, Ledger and Tezos. ETFS Capital is led by GrahamTuckwell, who founded ETF Securities and was also the first to list gold publicly. Greg Kidd, co-founder of investment firm Hard Yaka and four undisclosed family offices also participated in the round. As reported by TechCrunch, the company has raised $4 million.

Amun will invest the obtained funds in developing its technical infrastructure, launch additional crypto-tracking exchange-traded products on more strategies across multiple geographies, and help others bring crypto assets to the public markets.

“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.

"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, 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", says Adam Draper, Founder and Managing Director of Boost VC.

 (Press release/ran)

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