Share this article
Swiss Startup Amun Wins Regulatory Approval to Sell Crypto-ETPs to EU Retail Investors
Swiss startup Anum has won a regulatory approval to widen its offerings of crypto-based financial products to retail investors in the European Union.
Updated Dec 28, 2022, 8:50 p.m. Published Dec 10, 2019, 6:00 a.m.
Swiss financial startup Amun has won an approval from the Swedish Financial Supervisory Authority (SFSA) to widen its offering of crypto-based financial products to retail investors in the European Union.
The company said in an announcement on Tuesday that the EU member state regulator has cleared a base prospectus filed by the firm. With that, EU retailers who have access to the Swiss SIX and Germany’s Boerse Stuttgart exchanges can now trade various crypto-based exchange-traded products (ETP) offered by Amun.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Under the EU securities law, each member state has the ability to review and issue licenses applicable across the EU under the “single passport” rule. Sweden’s financial regulatory stamp opens Amun to a greater European retail market.
“[The approval] gives us wide access to sell directly and market directly to basically all retail in Europe,” Amun CEO Hany Rashwan said to CoinDesk.
The SFSA’s approval also green-lights the firm’s further plans to apply to list its crypto ETPs on other regulated exchanges in the EU in its bid to expand the market access.
Listing on other regulated exchanges is expected to be approved by the EU in 2020, Rashwan said. However, product listings must be approved by individual exchanges. Still, Rashwan said the firm is eyeing three of Europe’s largest exchanges for next year.
Amun currently lists seven products on the Boerse Stuttgart and ten on the Swiss SIX, all of the products being crypto-based ETPs totaling some $55 million assets under management.
It most recently launched an ETP with digital asset bank Sygnum listed under the “MOON” ticker along with a backed ETP on the Swiss SIX in November.
“Our mission is clear and that is to help investors more safely, cost effectively and easily invest in crypto asset classes through our crypto ETPs,” said Amun’s President Ophelia Snyder in a statement. “We are very fortunate to have finished this process within 4 months of its consultancy period.”
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Strategy’s STRD credit spread has tightened over past month even as bitcoin struggles
The narrowing spread between yields on STRD and the 10-year U.S. Treasury could signal boosted demand for the preferred stock.
What to know:
- STRD’s credit spread versus the U.S. 10-year Treasury narrowed to a new low on Friday.
- Strategy sold $82.2 million of STRD through its ATM program in the week ended Dec. 14, the largest weekly issuance since launch.
- Historical ATM data shows STRD has recently dominated preferred issuance among Strategy’s offerings.
Top Stories
