Cryptocurrency ETP issuer Amun has received approval from the Swedish regulator to distribute its products across the European Union (EU).
The ETP provider, which has already listed its 10 ETPs on the SIX Swiss Exchange, saw its base prospectus approved by Finansinspektionen, the Swedish Financial Supervisory Authority (SFSA).
The approval enables Amun to passport its range into the EU, which so far has $55m assets under management (AUM).
Ophelia Snyder, President of Amun, commented: “We are very fortunate to have finished this process within 4 months of its consultancy period.
“The regulatory framework in Sweden has been supportive of such initiatives and we welcome its deliberation.
“The combination of strong demand for ETPs in Sweden – especially in crypto assets – among private investors and institutional clients and our strong expertise in these product categories create ideal conditions for Amun’s entry into the Swedish and EU markets for ETPs.”