Today starts the trading of the Exchange Traded Product of the Swiss fintech Amun at the Swiss exchange. It is the world’s first crypto index ETP listed on a regulated stock exchange. And inacta strengthens its tokengate offering, an integrated platform to issue coin offerings in a manner fully compliant with laws and regulations. In addition inacta integrates Zarattini Bank in its offering enabling contributors to make deposit in a traditional fiat currency directly into a Swiss bank account.
SIX – which owns and manages the Swiss stock exchange – welcomes Swiss fintech Amun as a new Exchange Traded Product (ETP) issuer to its trading segment. The Amun ETP is the world’s first crypto index ETP listed on a regulated stock exchange. It is based on the Amun HODL5 index, which includes the four top crypto currencies defined by market capitalization: Bitcoin (BTC), Ethereum Ether (ETH), Ripple (XRP) and Litecoin (LTC). Trading of the new product starts today.
Amun AG was established by a team of FinTech entrepreneurs and bankers in July 2018, incorporated and registered in Zug. After exploring more than 28 different exchanges and territories around the world, Amun AG settled on Switzerland for its financial excellence and regulatory stability.
An ETP is a collateralized, non-interest-paying bearer debt security issued as a security and traded as well as redeemed in the same structure on a continuous basis. Collateral is deposited with a third party and amounts to at least 100% of the outstanding amount. ETPs relate to an underlying instrument that is admitted by the Regulatory Board of SIX Exchange Regulation, i.e. that has a price that is set regularly and that is publicly accessible. Unlike ETFs, an ETP is not a collective investment scheme in the sense of the Federal Act on Collective Investment Schemes (CISA) and with that is not supervised by FINMA.
Inacta strengthens its Blockchain division
Inacta AG, an independent Swiss IT consulting firm based in Zug with almost 70 digitization experts, has hired an entire team of experienced industry veterans for the creation of its dedicated Crypto Assets unit. This move will also significantly fortify inacta's tokengate offering, an integrated platform to issue coin offerings in a manner fully compliant with laws and regulations. Tokengate gets a further boost from the integration of Zarattini Bank. This milestone makes tokengate the first fully integrated platform in Switzerland enabling contributors to make deposit in a traditional fiat currency directly into a Swiss bank account. This adds to the existing offering with Liechtenstein based Bank Frick.
(Press release)
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