DeFI Technologies’ wholly-owned subsidiary Valour collaborated with SEBA Bank and MVIS to launch an investable index for tokens building for the Metaverse, SVMETA
DeFi Technologies, a technology company bridging the gap between traditional capital markets and decentralised finance, announced that Valour Inc., its wholly owned subsidiary and a pioneer in digital asset exchange traded products (“ETPs”), has partnered with SEBA Bank and MarketVector Indices (“MVIS”) to launch the SEBA VALOUR Metaverse Index (SVMETA).
The SVMETA index is an investable index for tokens building for the Metaverse that provides exposure to crypto assets related to gaming, entertainment and social interactions within the virtual and augmented reality world.
“The metaverse has incredible potential to change the way we interact with technology and the world around us, like how the internet altered that same intersection,” said Tommy Fransson, CEO at Valour. “This product enables people to invest in that potential – taking part in the next big technological revolution.”
SVMETA is a rules-based index that covers the CCCAGG pricing and is calculated in USD as a price index. The index is reviewed on a monthly basis.
Latest Fintech News: Nutgain’s New Unique NFT Marketplace Powered By Polygon And BSC
“The Metaverse is the next iteration of the internet. It is a 3D virtual world that will allow users to interact with their environments and other Metaverse users. Apart from its massive entertainment potential, the Metaverse is expected to create its own ecosystem of commercial avatars, thereby creating incredible investment opportunities,” said Gregory Mall, Head Investment Solutions at SEBA Bank. “The SEBAV Metaverse Index engineered by SEBA Bank in collaboration with MVIS and Valour provides exposure to digital assets designed to capture the accelerating trends of gaming, entertainment and social interactions shifting into virtual environments. SEBA V constituents include tokens with exposure to the Metaverse which are selected based on their market capitalization and liquidity,” he continued.
With this latest development, DeFi Technologies is further advancing its mission of integrating the foundational assets of the new digital economy into legacy financial institutions. Through Valour, DeFi Technologies offers 27 unique ETPs based on 8 of the highest performing DeFi tokens. These ETPs include Bitcoin Zero and Ethereum Zero, the only zero-fee synthetic crypto ETPs currently traded in Europe.
Latest Fintech News: Manchester-based Fintech BankiFi Appoints SkyParlour as Official PR Partner
[To share your insights with us, please write to email@example.com]