On January 7, 2020, three USD-denominated Exchange Traded Products (ETPs) of Amun AG (Amun), a Zug-based special purpose issuance vehicle of the fintech group Amun, successfully started their trading on the SIX Swiss Exchange in additional trading currencies. These products (Tickers: HODL, ABTC, and AETH) are linked to the performance of a basket of, or in the case of ABTC and AETH individual, crypto underlyings. The USD-denominated products will newly also be quoted in EUR (all products) and Swiss Francs (in the case of ABTC and AETH only) to further increase the attractiveness to EEA and Swiss investors. Each product is fully collateralized by the respective underlying, which is stored with an independent custodian.
Homburger advised Amun with respect to all aspects of Swiss law. The Homburger team was led by partner Benjamin Leisinger (Capital Markets and Banking and Finance) and comprised counsel Eduard De Zordi and paralegal Ganna Goncharova (both Banking and Finance).