FORMATION AND FUNCTIONING OF FINANCIAL METAVERSE PLATFORMS
Volodymyr Mishchenko, Svitlana Naumenkova, Svitlana Mishchenko, Євген Тіщенко · Financial and credit activity problems of theory and practice · 2025
An important direction in the formation and development of a decentralized economy is the creation of a financial metaverse as a hybrid physical-virtual ecosystem, based on a combination of centralized and decentralized mechanisms of financial market activity. This article aims to reveal the features of the formation and functioning of digital financial platforms to ensure effective financial services for metaverse users, considering the benefits and drawbacks of using individual types and forms of digital money.Based on a comparative analysis, the authors identify the main technological and economic properties, competitive advantages and disadvantages of individual types and forms of digital money in the metaverse’s payment and financial systems, taking into account potential economic and social consequences. This promotes a balanced approach to selecting financial services instruments for metaverse users. The decentralized nature of the financial metaverse, combined with centralized monetary systems and financial markets, deepens our understanding of how digital financial ecosystems function and how business operates in the virtual space. The authors argue that the centralization degree of financial services for metaverse users depends on the level of regulation of the circulation and use of digital currencies. The practical focus is on developing a tentative organizational structure for the financial metaverse, justifying potential models for digital financial platforms, and providing recommendations for using CBDCs for financial services in the metaverse. The conclusions and recommendations formulated in the article can be used in making political and regulatory decisions to form and develop financial metaverse platforms.