Deals & Cases

Homburger advised Amun AG in the issuance of new Bitcoin Cash (BCH)-linked Exchange Traded Products

On July 4, 2019, Amun AG (Amun), a Zug-based special purpose issuance vehicle of the fintech group Amun, successfully listed its sixth series of crypto-linked Exchange Traded Products (ETPs) on the SIX Swiss Exchange (Ticker: ABCH).

The underlying asset of this series is Bitcoin Cash. The underlying assets are held by or on behalf of Amun through an independent custodian and serve as a reference for the value of the ETPs. They collateralize the respective series on a 1:1 basis. The Bitcoin Cash serving as collateral are purchased on the open market or in direct purchases from designated primary sources of liquidity, including reputable authorized exchanges.

Homburger advised Amun with respect to all aspects of Swiss law. The Homburger team was led by partner Benjamin Leisinger (Capital Markets) and comprised associate Urs Meier and paralegal Ganna Schneuwly (both Financing and Investment Products).