Switzerland’s main stock exchange, the Zurich-based SIX, has reportedly launched trading of an Ethereum exchange-traded product, the Amun Ethereum ETP (AETH), a month after it revealed it was looking to launch a blockchain-powered exchange.

According to the exchange’s website, Swiss startup Amun AG is behind the ETP, and Flow Traders B.V., a liquidity provider that specializes in exchange-traded products, is set to provide AETH market making services.

Amun AG is notably the company behind what it claims to be the “world’s first listed crypto index products,” the Amun Crypto Basket ETP (HODL), which includes five top cryptocurrencies: BTC, ETH, XRP, LTC, and BCH.

Amun’s product is unique as it is required by law to hold as collateral the five cryptocurrencies included in it, and provides investors exposure to a basket of the five most liquid cryptocurrencies on the market. Flow Traders also provides liquidity for HODL.

SIX to Launch Blockchain-Based Exchange

As CryptoGlobe covered, SIX has last month revealed it’s looking to launch a blockchain-based trading platform called SIX Digital Exchange (SDX) in the second half of this year. Initially, the platform is set to run alongside its existing SIX platform.

Using blockchain technology to speed up trading, the platform will have significant improvements over the main SIX exchange, which “involves three steps to complete a trade, often over several days.” Two of these steps are eliminated by using blockchain technology, it notes.

Romeo Lacher, SIX Group’s chairman, has claimed the firm is ready to list cryptocurrencies on its new platform, and that on launch it’ll offer a range of stocks as well. He also claimed it was looking to launch its own Security Token Offering (STO).