Amun ready for Europe

Swiss startup Amun gets approval from Swedish Financial Supervisory Authority to launch its crypto financial products in retail investors across European Union.

The announcement went public today and registered investors in Swiss stock exchange Swiss SIX and German Boerse Stuttgart can invest in crypto-based ETPs (Exchange – Traded Products) from Amun’s portfolio.

According to EU’s securities law, a company’s approval from an authority in the EU grants a “passport” for accessing the whole European market, without any other legal procedures.

Amun’s participation in other European exchanges will become effective in 2020 while in Switzerland and Germany, there are 7 available products, which have $ 55 million under management.

The most well-known product called MOON is offered in partnership with digital bank Sygnum and became the flagship of the company for entering the Swiss stock exchange.