Derivatives exchange CME Group plans to develop reference rates as well as real-time indices for a total of three different crypto assets that are part of the metaverse. This would allow investors to monitor price data in a more accurate manner using a method often used in traditional finance.

The company announced on January 5 that CME Group and CF Benchmarks will begin offering benchmark prices for Decentraland’s Axie Infinity Shards (AXS), Chiliz (CHZ) and MANA from January 30.

Benchmark rates and indices are not tradable products, but investors can use them to “value sector-specific portfolios, develop structured products, and manage price risk around various Metaverse-based projects,” he explained. Giovanni Vicioso, director of cryptocurrency products at CME Group. CME Group was kind enough to provide us with this information.

Calculations of real-time indices and reference rates for AXS, CHZ, and MANA will use price data from a minimum of two different cryptocurrency exchanges. In addition to LMAX Digital and itBit, the following exchanges are included here: Bitstamp, Coinbase, Kraken, and itBit.

Every day at 16:00 local time the reference rates for assets priced in US dollars will be published. These prices will be published (00:00 GMT). Any and all real-time indices will be accessible for use by the general public every second of every day.

CoinMarketCap estimates that Chiliz, the most successful of the aforementioned metaverse companies, now has a market value of $742.1 million. This information was obtained from the Chiliz website.

AXS is now valued at approximately $686.5 million, while MANA is currently at approximately $597.2 million according to the market.

The CME Group has been quite active in the cryptocurrency sector, offering micro-sized options for Bitcoin and Ether late last year.

The popularity of metaverse tokens increased during the most recent cryptocurrency bull market, as dozens of projects promised to build digital replicas of the real world.