SEBA Bank Is Now an ETP Issuer on the BX Swissby Fintechnews Switzerland October 18, 2022
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.
“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.