DeFi Technologies Inc. Today, Valor Inc. (“Valor”), a wholly owned subsidiary of digital assets Exchange Traded Products (“ETP”) has partnered with SEBA Bank and MarketVector Indices (“MVIS”) to launch SEBA VALOR Metaverse Index (SVMETA).
The SVMETA Index is an investable indicator for building . tokens metaverse which provides exposure to cryptocurrencies related to gaming, entertainment and social interactions in the world of virtual and augmented reality.
“Metaverse has amazing potential to change how we interact with technology and the world around us, much like how the internet changes the intersection itself,” says Tommy Franson, CEO of Valor. “This product enables people to invest in that potential – to participate in the next great technological revolution.”
SVMETA is a rule-based index that covers CCCAGG pricing and is calculated in US dollars as a price index. The indicator is reviewed monthly.
“Metaverse is the next iteration of the internet. It is a 3D virtual world that enables users to interact with their environments and other users of the Metaverse. In addition to its huge entertainment potential, Metaverse is expected to create its own ecosystem of commercial avatars, thus creating incredible investment opportunities.”says Gregory Moll, Head of Investment Solutions at CIBA Bank.
“Developed by SEBA Bank in collaboration with MVIS and Valor, the SEBAV Metaverse Index provides exposure to digital assets designed to capture accelerating trends in gaming, entertainment, and social interactions that are transforming into virtual environments. SEBA V components include Metaverse exposure tokens selected based on their market capitalization and liquidity.” He completed.
With this latest development, DeFi Technologies advances its mission to integrate the core assets of the new digital economy into legacy financial institutions. Through Valor, DeFi Technologies offers 27 unique ETPs based on 8 of the highest performing DeFi tokens. These include ETPs Bitcoin Zero And Ethereum Zerowhich are the only fee-free synthetic electronic crypto tools currently in circulation in Europe.