DeFi Technologies Sees Subsidiary Gets Approval For Metaverse And Gaming ETP

DeFi Technologies Inc. (NEO: DEFI) announced this morning that its wholly-owned subsidiary Valour has received approval to launch a metaverse and gaming exchange-traded product. The approval comes from the Swedish Financial Supervisory Authority, Finansinspektionen.

The ETP is expected to consist of the top five digital assets related to the metaverse and has distribution approval in the European Union markets. Some of these projects include virtual world platforms like Decentraland and moneyed games like Axie Infinity.

The firm said the planned ETP will “allow investors to gain direct exposure across multiple metaverse-related and protocol-based projects, via a single investment.”

The new ETP adds to the company’s portfolio of derivative securities, including the recently launched cryptocurrency-based ETP in June 2021.

DeFi Technologies last traded at $3.36 on the NEO.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

DeFi Technologies To Conduct Share Buyback Program

DeFi Technologies (NEO: DEFI) has begun a share buyback program. The company this morning announced...

Friday, April 9, 2021, 08:16:55 AM

DeFi Technologies Renews Share Buyback Plan To Purchase Up To 10% Of Public Float

DeFi Technologies (NEO: DEFI) is looking to give its share price a boost via a...

Friday, April 8, 2022, 08:13:36 AM

DeFi Technologies Announces Auditor Change Amidst Regulatory Scrutiny

DeFi Technologies Inc. (NEO: DEFI) revealed a significant shift in its auditing landscape. The company...

Wednesday, January 10, 2024, 07:24:00 AM

Institutions Are Lining Up For The Crypto Space – The Daily Dive feat Russell Starr

Today on the Daily Dive we see the return of Russell Starr, CEO of Trillium...

Tuesday, April 27, 2021, 01:30:00 PM

Hive Blockchain, DeFi Technologies Complete Share Exchange

Hive Blockchain (TSXV: HIVE) has completed a previously announced share exchange agreement with that of...

Wednesday, April 21, 2021, 08:06:35 AM