The fintech company Amun AG has announced that it has launched a Tezos (XTZ) based TTP (Exchange Traded Products) which will be listed on the SIX Swiss stock exchange. It also listed seven euro-denominated crypto ETPs on the German Stock Exchange Stuttgart
Swiss exchange SIX launches Tezos-based ETP (XTZ)
The main Swiss stock exchange SIX listed a stock traded product (ETP) based on the Tezos token (XTZ). This is the first product of its kind, which will allow investors to earn a passive income through transactions that are validated on the Tezos blockchain. The issuing company Amun AG will charge an annual administration fee of 2.5%, and the share price starts at $ 20.
The product is available for both retail and institutional investors. The custody of the Tezos tokens on which the ETP is based will be provided by Coinbase Custody.
In addition to this TTP ETP, Amun AG has launched eight other similar cryptocurrency-based products on the SIX stock exchange. These are based on Bitcoin, XRP, Bitcoin Cash and Ethereum, among others.
Stuttgart exchanges list seven crypto ETPs
Amun AG also announced that it has listed seven new ETP products on the German stock exchange Boerse Stuttgart, denominated in euros. Previously, investors had access to these ETPs in US dollars and Swiss francs.
“For the first time, European investors have access to an investment vehicle traded internationally, at low costs, denominated in euros”,
said Laurent Kssis, CEO of Amun AG.
In total, Amun AG has 25 ETP products listed on three exchanges (Stuttgart, SIX, BX Exchange) in three currencies (CHF, EUR, USD).
“We now have 25 ETPs in total, making Amun AG the largest crypto-ETP issuer. At this moment, 75% of all crypto ETPs have been issued by our company ”
said Hany Rashwan, co-founder and CEO of Amun.
Other players in the derivatives market are XBT Provider from CoinShares and Grayscale Investments of Digital Currency Group.
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