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Amun AG Releases First of a Kind Tezos ETP

Published 11/14/2019, 04:30 AM
Updated 11/14/2019, 05:41 AM
 Amun AG Releases First of a Kind Tezos ETP

Amun AG, the builder of crypt-based exchange-traded products (ETP) released another offering to be traded on the Swiss SIX exchange. The latest ETP is based on Tezos (XTZ), one of the most ambitious blockchain projects.

The move on the side of Amun arrives after XTZ built up enough liquidity, based on multiple exchange launches and a robust market on Coinbase and Coinbase Pro. In fact, Coinbase Custody is key to the creation of the Amun Tezos ETP (trading under AXTZ ticker).

The underlying XTZ assets, held as backing to AXTZ, are held with Coinbase Custody, thus participating in “baking” and generating new coins. This activity offsets inflation on the Tezos network, while generating passive income for the holders of the A...

This article appeared first on Cryptovest

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