Deals & Cases

11/14/2019

On November 13, 2019 and November 14, 2019, respectively, Amun AG (Amun), a Zug-based special purpose issuance vehicle of the fintech group Amun, successfully dual-listed several of its USD-denominated Exchange Traded Products (ETPs) on the BX Swiss. These products (Tickers: ABTC, AETH, AXRP, ABCH, ABNB and AXTZ) are linked to the performance of Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Binance Coin (BNB) or Tezos (XTZ), as applicable. On BX Swiss, the USD-denominated products will be quoted in Swiss Francs (CHF) – specifically allowing Swiss retail investors to invest and trade in CHF. Each product is fully collateralized by the respective underlying, which is stored with an independent custodian (Kingdom Trust or Coinbase, as applicable). These ETPs are the first ETPs listed on BX Swiss' new Exchange Traded Products segment and the first dual-listed ETPs in Switzerland.


Homburger advised Amun with respect to all aspects of Swiss law. The Homburger team was led by partners Benjamin Leisinger (Capital Markets, Banking and Finance) and Daniel Haeberli (Capital Markets, Technology and Digital Economy) and comprised counsel Eduard De Zordi, associate Urs Meier and paralegal Ganna Goncharova (all Banking and Finance).