Switzerland's largest stock exchange, SIX Swiss Exchange, launched the Exchange Traded Product (ETP) based on the XRP token. It is reported by CoinDesk.
Investment product was developed by startup Amun AG. According to its representatives, ETP based on XRP will be traded under the AXRP ticker. First news about launch of this product appeared last months. At the same time, representatives of Amun AG stressed that the company had already received permission from SIX.
To date, Amun AG supports several cryptocurrency ETP traded on SIX. In March, the company introduced an Ethereum-based instrument under the AETH ticker, and before that, a Bitcoin-based product (ABTC). Representatives of the company noted that by the end of the year they plan to launch even before a dozen different instruments related to cryptocurrencies.
At the end of last year, SIX launched the investment product called HODL5 developed by Amun AG based on the five most capitalized cryptocurrencies. Soon this ETP became the leader in terms of trading on the Swiss stock exchange.