Homburger advised Amun AG in the listing of new Series of crypto-index-linked Exchange Traded Products on the SIX Swiss Exchange
On June 26, 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: KEYS) on the SIX Swiss Exchange. These Products are linked to the performance of the “Bitwise Select 10 Large Cap Crypto Index”, an index of the US-based index provider Bitwise that tracks the performance of the top 10 eligible crypto currencies. The Products are fully collateralized by the underlying components, at the time of launch consisting of Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH), EOS (EOS), Stellar Lumens (XLM) and Cardano (ADA).
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, junior associate Gregor Gassmann and paralegal Ganna Schneuwly (all Financing and Investment Products).