Amun, a Switzerland-based crypto-asset investments firm and wholly-owned subsidiary of London-based Amun Technologies, as per a recent press release statement, raised $4 million in first investment funding round. The Swiss firm with this recent funding has brought on board Adam Draper, Founder – Boost VC; Graham Tuckwell, Founder – ETFS Capital; Greg Kidd, Co-founder – Hard Yaka; and four other unnamed American, Swiss and Middle Eastern corporations.
The firm’s offering includes a technology platform that facilitates the creation of crypto indices and issuance of crypto products, in addition to its other offerings which includes listing, settling, and custody of physically-backed crypto products on public exchanges.
Last fall, Amun’s listed offering included –HODL, the “world’s first” physically backed ETP (exchange-traded product) based on five cryptocurrencies, namely: Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Ripple (XRP) and Litecoin (LTC).
According to Hany Rashwan, CEO and co-founder of Amun, the firm is bullish on crypto in the long-term and looks forward on collaborating to work together with tech and finance luminaries to simplify investor access to the crypto asset class.
Speaking on this context Adam Draper, Founder – Boost VC, a Silicon-Valley-based crypto projects investment firm, said that today, the world is in a dire need of a company such as Amun, that makes crypto as easy as buying a stock. Adding further Draper said that many, claim that they were the first to do that, but Hany and Ophelia Snyder, the co-founders of Amun, were the first to accomplish this.