Switzerland’s largest stock exchange SIX will reportedly launch another crypto exchange-traded product for XRP

Switzerland’s largest stock exchange SIX will reportedly launch another crypto exchange-traded product (ETP) for XRP, crypto outlet The Block writes Monday, Mar. 11.

Amun AG, a Swiss crypto startup that launched the world’s first listed crypto index product on SIX last November, has confirmed the information to The Block. According to the startup, the XRP ETP will soon be launched under the ticker AXRP.

Co-founder and CEO of Amun AG Hany Rashwan told another crypto media outlet that the company has also received SIX’s approval to launch four more ETPs for other altcoins — Bitcoin Cash (BCH), Litecoin (LTC), Stellar (XLM) and EOS.

According to Financial Times, Amun AG has also recently closed a successful $4.2 million funding round. The financial newspaper writes that Graham Tuckwell, the Australian entrepreneur who was behind the world’s first gold exchange-traded product before founding investment firm ETF Securities, participated in the investment.

Also read: Deutsche Borse Group, Swisscom, and Sygnum have entered into a strategic partnership to build out a compliant financial market infrastructure for digital assets

Source: https://cointelegraph.com/news/swiss-stock-exchange-six-to-reportedly-list-xrp-exchange-traded-product