Amun AG, the crypto startup behind the world’s first listed crypto index product, announced today that is has raised a $4 million seed round led by Graham Tuckwell, the first person to set up an exchange-traded fund tracking the price of gold.
Amun AG tells The Block that it plans to list an XRP ETP next which will trade under the ticker AXRP, with plans to list eight additional products in 2019. Additionally, Amun AG will release Onyx, a security token issuance platform by year's end. With Onyx, clients can issue “tokenized ETF and smart securities.” The firm has already signed on its first third-party client who will use Onyx to issue an ETF this summer.
Amun AG is most well-known for its Amun Crypto Basket ETP (ticker: HODL) which began trading on the Six Swiss Exchange in November 2018. Since then, the startup has issued ETPs for Ethereum and Bitcoin, which trade under ticker symbols AETH and ABTC, respectively.
According to data from the Six Swiss Exchange, the Amun Crypto Basket ETP is the most traded ETP by volume. However, those volumes are minuscule compared to larger exchange-traded products in the U.S. The SPDR Gold Shares ETF, for instance, has an average daily trading volume of $989 million, according to ETF.com.
Two cryptocurrency benchmark indices from data provider CoinMarketCap will launch today on financial data feeds from Nasdaq Global Index Data Service (GIDS), Bloomberg Terminal, Thomson Reuters Eikon (Refinitiv) and Germany’s Börse Stuttgart, as well as on its own platform.
Nasdaq and Bcause LLC, the developer of the very first “full-stack cryptocurrency ecosystem” have announced that Bcause will use Nasdaq’s proprietary order matching engine.
The Chicago Board Options Exchange (CBOE) will not add a new Bitcoin (BTC) futures market in March, the firm said in a statement on March 14.
Ripple's Xpring today announced it is partnering with blockchain gaming platform startup Forte by providing $100 million for investment in blockchain gaming developers.
The SEC chairman Jay Clayton provided additional clarity on the securities treatments for cryptocurrency—more specifically by addressing his stance towards William Hinman’s statements about Bitcoin and Ethereum potentially being non-securities.