DeFi Technologies Inc., a technology company bridging the gap between traditional capital markets and decentralized finance, announced today that Valour Inc., its wholly owned subsidiary and a pioneer in digital asset exchange traded products (“ETPs”), received approval to launch a Metaverse and Gaming Index ETP.
The Metaverse and Gaming Index ETP will allow investors to gain direct exposure across multiple metaverse related and protocol based projects, via a single investment. The approval comes from Finansinspektionen, the Swedish Financial Supervisory Authority (“SFSA”), enabling Valour to issue a Metaverse and Gaming Index ETP. The ETP will consist of an index of the top five digital assets related to the metaverse and has regulatory approval for distribution across EU markets. Digital asset projects focused on the metaverse include virtual world platforms, such as Decentraland (MANA) and play to earn games, such as Axie Infinity (AXS).
The Metaverse is an emerging network of virtual environments and economies created through the convergence of gaming, virtual reality, social networking and crypto. Through metaverse networks, people can interact with one another and utilise digital objects while operating virtual representations – or avatars of themselves.
“The crypto metaverse consists of immersive virtual worlds with immense social and financial potential,” said Russell Starr, CEO of DeFi Technologies. “This is just one more example of our commitment to making innovative solutions available to enable all investors the opportunity to access the digital economy.”
“The metaverse is bringing an increasingly participative, collaborative, and impactful iteration of the internet. While full immersion may be years away, the building has already begun,” said Diana Biggs, CEO of Valour and Chief Strategy Officer of DeFi Technologies. “This SFSA approval of our Metaverse Index ETP prospectus is another step forward in our mission to make…
