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.

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