Swiss stock exchange BX Swiss announced that crypto bank SEBA Bank is now issuing exchange-traded products (ETPs) on its platform with a tracker certificate on the SEBA Metaverse Index for trading.
SEBA Bank’s ETP, which trades under the ticker SMETA, focuses on crypto assets from the gaming, entertainment and social interaction sectors in the virtual world.
The product is fully collateralised and 100% physically backed, and is geared towards investors who wish to participate in the development of the metaverse.
With this addition, BX Swiss now offers 52 ETPs from 13 issuers tradable daily from 9.00 am to 5.30 pm.
Founded in 2018, SEBA Bank is a digital assets firm with a Swiss banking license from FINMA. The company last raised a CHF 110 million Series C funding round in January 2022.
“With SEBA Bank, we were able to gain the third new ETP issuer this year. With the SEBA Metaverse Index, the investment universe on BX Swiss now extends to over two dozen different cryptocurrencies,”
said Matthias Müller, Head of Markets & Services, BX Swiss.
“The SEBA Metaverse Index provides exposure to digital assets designed to capture the accelerating trends of gaming, entertainment and social interactions into virtual environments. SMETA’s constituents include tokens with exposure to the metaverse, selected based on their market capitalisation and liquidity,”
said Gregory Mall, Head Investment Solutions, SEBA Bank.
