Homburger advised Amun AG in the listing of its new Series of crypto-index-linked Exchange Traded Products on the SIX Swiss Exchange
On December 4, 2019, Amun AG (Amun), a Zug-based special purpose issuance vehicle of the fintech group Amun, successfully issued and listed a new Series of Products (Ticker: MOON) on the SIX Swiss Exchange. These Products are linked to the performance of the “Amun Sygnum Platform Winners Index”. The purpose of this index is to track the financial performance of the largest native tokens of original protocols. The index reflects the trend towards blockchain protocols forming the basis of economic activity in future, while eliminating the risk of any individual protocol failing or being superseded by better technology. The Products are fully collateralized by the underlying components, at the time of launch consisting of Bitcoin (BTC), Ethereum (ETH), Eos EOS), Cardano (ADA), Neo (NEO), and Binance Coin (BNB).
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 (Financing and Investment Products, Technology and Digital Economy) and paralegal Ganna Schneuwly (Financing and Investment Products).