Tokens.com is a new website that aims to connect public market investors with blockchain investments via DeFi tokens like BNB and DOT, as well as NFT-based cryptocurrencies.
The approval of the ProShares Bitcoin Strategy ETF on the NASDAQ last week was significant for the cryptocurrency markets, bridging yet another gap for investors between the legacy financial system and cryptocurrency markets.
The ProShares ETF was a significant step forward, but it was not the first time that investors were given the chance to engage in the crypto markets through traditional investing accounts.
Several Bitcoin and Ethereum trusts have been established, including the Grayscale Bitcoin Trust and the Purpose Bitcoin ETF, both of which are domiciled in Canada. These new services enable crypto trading through traditional investment accounts, including retirement funds, without the bother and security issues associated with cryptocurrency exchanges.
Tokens.com (NEO Exchange Canada: COIN) (Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) has recently been established with the goal of connecting public market investors to blockchain investments through DeFi tokens like BNB and DOT, as well as NFT-based cryptocurrencies.
The corporation can earn an additional ROI beyond typical price appreciation by staking the assets. The company takes pleasure in investing only in ‘proof-of-stake’ tokens, which are more ecologically friendly than Bitcoin’s energy-intensive ‘proof-of-work’ mechanism.
Bitbuy, First Block Capital, HIVE Blockchain Technologies, PowerOne Capital Group, Matthew Roszak (co-founder and Chairman of Bloq), Olaf Carlson-Wee (founder of Polychain Capital), and CI Global Alpha Innovators Fund, Canada’s largest technology investment fund, participated in a pre-IPO investment round.
“Tokens.com provides our fund with a gateway to access all things crypto outside of Bitcoin. We are excited to work with Tokens.com to be one of the first global investors to invest in DEFI, NFTs, and the metaverse,” says Jeremy Yeung, Portfolio Manager, CI Global Alpha Innovators Fund.
The company recently completed the purchase of a 50% share in Metaverse Group, in addition to investing in proof-of-stake tokens. Metaverse Group, a joint venture between GDA Capital and Wolf est Woods, holds virtual NFT real estate properties in key blockchain-based Metaverses such as Decentraland, Somnium Space, The Sandbox, Cryptovoxels, and Upland.
Tokens.com is the first publicly-traded company to venture into the metaverse as a result of this deal. Tokens.com intends to continue accumulating metaverse real estate through the Metaverse Group in order to rent it out to brands and businesses who are interested.
“The Metaverse is going to be one of the biggest revolutions in computing – right up there with the mobile revolution and the internet revolution,” says Tokens.com CEO, Andrew Kiguel.
The Metaverse trend has gotten a lot of attention recently, thanks to Mark Zuckerberg’s announcement that he believes the Metaverse is the inevitable future of the Internet and that Facebook has been renamed “Meta.” Snoop Dogg and Ariana Grande, as well as Gucci and Adidas, are using the metaverse to grow their brands. For companies, advertisers, and vendors looking to reach demographics in every part of the globe, metaverse real estate might be a game-changer.
“The metaverse will bring enormous opportunity to individual creators and artists; to individuals who want to work and own homes far from today’s urban centres; and to people who live in places where opportunities for education or recreation are more limited,” says Mark Zuckerberg, Founder of Facebook.
We should expect more investors to want exposure to new digital asset classes through traditional instruments like ETFs, Trusts, and publicly traded corporations as crypto use grows around the world. New and creative investment products are well-positioned to profit from market expansion, both now and in the future.