Valour partners with SEBA Bank and MarketVector Indexes (MVIS) to launch a new metaverse index, the SEBA VALOUR Metaverse Index (SVMETA).
Valour Inc. issues exchange-listed financial products that enable retail and institutional investors to easily access investment in disruptive innovations, such as digital assets. Established in 2019, Zug-based Valour is a wholly owned subsidiary of DeFi Technologies Inc., a technology company bridging the gap between traditional capital markets and decentralized finance.
Founded in April 2018 and headquartered in Zug, SEBA Bank is a pioneer in the financial industry and is the only global smart bank providing a fully universal suite of regulated banking services in the emerging digital economy.
The SVMETA index provides exposure to crypto assets related to metaverse. The SEBA VALOUR Metaverse Index counts currently 3 components – The Sandbox (41.33%), Decentraland (38.83%), and Enjin Coin (19.84%).
Tommy Fransson, CEO at Valour, said:
“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. This product enables people to invest in that potential – taking part in the next big technological revolution.”
According to the company, 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.
Gregory Mall, Head Investment Solutions at SEBA Bank, said:
“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.”
“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 mentioned.
DeFi Technologies is advancing its aim of integrating the core assets of the new digital economy into legacy financial institutions with this latest breakthrough. DeFi Technologies’ Valour offers 27 different ETPs based on the top eight DeFi tokens.
Bitcoin Zero and Ethereum Zero, the only zero-fee synthetic crypto ETPs currently traded in Europe, are among these ETPs.
MarketVector Indexes (MVIS) is a VanEck Company. MVIS indexes are a targeted collection of pure-play and investable indices that it develops, monitors, and markets. VanEck’s successful brand has grown from exchange-traded products to indexes with the launch of MVIS indexes, and the present array of MarketVector indexes demonstrates the company’s in-depth experience in developing markets, hard assets, fixed income, and unique asset classes.
Currently, financial products based on MVIS indexes have about $33.60 billion in assets under management.