Leading global cryptocurrency exchange, Binance, and the world’s leader in the issuance of cryptocurrency Exchange-Traded Products (ETP) Swiss firm, Amun AG, are excited to announce a unique partnership between the two companies to launch a BNB ETP on the regulated segment of the SIX Swiss Exchange. Trading of the Amun BNB (ABNB) ETP begins today.
The launch of the ETP is a first step for the partnership, paving the way for more innovative products contributing to the global transition to crypto assets.
BNB, initially created to pay for fees on the Binance exchange which is the largest cryptocurrency exchange in the world by trading volume and users, has since evolved into a wildly-used utility token with more than 120 use cases across the global blockchain ecosystem. Additionally, BNB is also used as the native token for the Binance Chain, which is a new blockchain platform launched by the Binance community for creating and transferring tokens in a fast and efficient manner. In just two years since Binance’s initial USD$15 million token raise, BNB is now one of the most widely-used utility tokens in the blockchain space and has a total market capitalization of greater than USD$2.5 billion, making it the world’s eighth-largest crypto asset by market capitalization to date.
The ABNB wraps the BNB utility token into a traditional financial structure, making it more accessible not only to tech-savvy crypto enthusiasts but also to the wider institutional and retail market as a whole. By listing the BNB ETP on the SIX Swiss Exchange, the world’s tenth-largest exchange, clients can add BNB exposure to their stock portfolios as easily as buying a share in any company, in a traditional manner using a brokerage firm or bank.
The ABNB ETP is issued by Amun and administered via the Amun Onyx Platform, the premier issuance and administration platform for crypto exchange-traded products. To date, Amun has issued eight ETPs with crypto-currencies as the underlying asset with the ambitious goal to bridge the gap between the traditional financial world and the blockchain-based infrastructure.
“Our partnership with Amun in launching the BNB ETP will provide investors with a new and regulated asset class with a unique dimension to utility tokens, making them more accessible and reliable through a traditional financial infrastructure,” said CZ (Changpeng Zhao), Binance CEO. “This will provide traditional investors access with diversified exposure and segue into the global cryptocurrency market and its innovative products.”
“It’s been tremendous to watch the fast ascent of Binance from its humble launch in 2017 to the leading position it commands today,” said Hany Rashwan, Amun CEO. “We are so excited to partner up with the world’s largest crypto exchange and make their native token accessible to institutional and retail investors in the most secure, cost-effective and regulated Swiss exchange-traded product.”
About Amun AG
Amun makes investing in crypto assets as easy as buying a stock. Investors can invest in crypto easily, safely, and in a regulated way on the SIX Swiss Exchange. Founded in 2018, Amun is led by a team of talented serial entrepreneurs and experienced professionals from the technology and financial world. Headquartered in Zurich, the company has launched several world firsts, including the first listed crypto index (HODL) in November of 2018. Amun has eight crypto ETPs listed today and has over $75 million in AUM in total listed and planned ETPs. Previously, Amun has partnered up with leading crypto companies including Bitwise, Bitcoin Cash Foundation, and Bitcoin Suisse to list new innovative crypto products.