CF Benchmarks
CF benchmarks logo

Nov 02, 2023

CF Benchmarks Launches Institutional-Standard GameFi Index, as Play-to-Earn Sector Shines

The CF Meta Lab GameFi Index paves the way for a new class of financial products that will provide institutional investors with exposure to the world of digital content

GameFi now has an index

CF Benchmarks announces the launch of the CF Meta Lab GameFi Index, a portfolio index designed to capture the return performance of GameFi, one of the fastest-growing and most resilient sectors of the blockchain economy, whose platforms are also referred to as Play-to-Earn protocols.

The CF Meta Lab GameFi Index has been developed in partnership with Meta Lab (Hong Kong), which is backed by Harvest Global Investments, one of China's longest-established, licensed investment management firms, with $121B in AuM.

GameFi growth

Despite a partial retrenchment of the blockchain economy since late 2022, GameFi protocols as a proportion of video gaming have continued to grow. GameFi dominance rose to 46% in Q1 of 2023, from 43% in Q4 of 2022, according to DappRadar, with unique active wallets participating in GameFi remaining strong at around 44%.

First investible GameFi index

The CF Meta Lab GameFi Index is a liquid, investible benchmark portfolio index that tracks the return performance of tokens linked to the Web 3.0 Gaming segment, and blockchain gaming protocols. Projects in the GameFi space create in-game economies that directly remunerate players for the time and effort dedicated to their favorite games.

The CF Meta Lab GameFi Index is the first instrument to emerge from CF Benchmarks' new partnership with Meta Lab. Our joint goal is the creation of a range of high-quality indices within the CF Meta Lab Series, addressing various aspects of the blockchain economy.

The launch of the CF Meta Lab GameFi Index is the first step in the process of creating potential investment products, like funds, trusts and ETFs, that offer exposure to GameFi for  investors in Hong Kong and the wider APAC region.

“Investors increasingly want exposure to specific areas that are being disrupted by crypto and blockchain,” said Sui Chung, CEO of CF Benchmarks. “The launch of  indices, like the CF Meta Lab GameFi Index, can facilitate the creation of an exciting new range of financial products that provide investors with thematic exposure to different sub sectors of the crypto ecosystem.”

“As tokenization moves out of the infant stage, we see the need for a broader range of investment solutions to expand the asset management industry,” said Flora Lou, Chief Product Officer at Meta Lab.

Methodology

The CF Meta Lab GameFi Index adheres to the CF Multi Asset Ground Rules and comprises tokens linked to gaming protocols, services and settlement blockchains – the three components that enable the Web 3.0 GamFi space to operate today.

The index comes in two variants, the CF Meta Lab GameFi Index (Modified Market Cap Weight) - London - Settlement Price, published once a day at 16:00 London Time, and the CF Meta Lab GameFi Index (Modified Market Cap Weight) - London - Spot Rate, published once a second. The index will be reconstituted and rebalanced on a quarterly basis.

The index is comprised of three distinct sub-portfolios of fixed weight representing the components of blockchain architecture required to deliver decentralized gaming products & services.

These sub-portfolios represent decentralized applications (dApps) via Gaming protocols, Services, and Settlement Blockchains. Digital assets are classified in accordance with the CF Digital Asset Classification Structure (DACS) for sub-portfolio eligibility.

Digital assets are weighted by a capped free float market capitalization within each sub-portfolio in accordance with the CF Multi Asset Series Ground Rules and the index methodology.

The CF Meta Lab GameFi Index is calculated and administered by CF Benchmarks.

About Meta Lab

Meta Lab is dedicated to the development of comprehensive Fintech solutions that help institutions adopt digital assets and empower investors in the growing digital universe with simple and secure access. We aim to bridge the gap between the traditional and digital financial worlds by leveraging our extensive expertise in both fields, while adhering to evolving regulatory frameworks. Meta Lab is endorsed by Harvest Digital Assets and Harvest Global Investments. The company is headquartered in Hong Kong.  

Product Disclaimer

The CF Meta Lab GameFi Index is not subject to the UK Benchmarks Regulation, and may not adhere to the regulatory standards and requirements set forth by the UK Financial Conduct Authority (FCA) for benchmark administrators. The benchmark’s methodologies, data sources and governance mechanisms may differ from those prescribed under the UK Benchmarks Regulation. 

Visit the CF Meta Lab GameFi Index page


The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell any of the underlying instruments cited including but not limited to cryptoassets, financial instruments or any instruments that reference any index provided by CF Benchmarks Ltd. This communication is not intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. Please contact your financial adviser or professional before making an investment decision.


Note: Some of the underlying instruments cited within this material may be restricted to certain customer categories in certain jurisdictions.


Ken Odeluga
Ken Odeluga

Ken Odeluga

More on this subject

Factor Friday - April 10, 2026

The market posted its strongest week of 2026 at +7.1%. However, factor breadth was notably thin. Size was the only non-market factor to finish positive at +1.3%, while growth and value lagged, suggesting the rally was driven by directional flows rather than fundamentals.

Mark Pilipczuk
Mark Pilipczuk

Mark Pilipczuk

9 mins read
CFB Talks Digital Assets Episode 56: Live X Space - Bitcoin In Crisis

Head of Research Gabe Selby, CFA is joined by Kraken's Chief Economist Thomas Perfumo, CFA, CF Benchmarks Research Analyst, Mark Pilipczuk, and Senior Product Manager, Cristian Isac.

Ken Odeluga
Ken Odeluga

Ken Odeluga

1 mins read
Announcement of Consultation on Changes to the CME CF Bitcoin Volatility Index - Settlement Methodology

The Administrator is launching a consultation on proposed changes to the CME CF Bitcoin Volatility Index - Settlement (BVXS) Methodology.

CF Benchmarks
CF Benchmarks

CF Benchmarks

1 mins read
More posts...

Footer

Legal

Subscribe to our newsletter

The latest news, articles, and resources, sent to your inbox weekly.

By submitting this form, you agree to our Terms of Service and Privacy Policy.

Already subscribed? Manage your preferences

© 2026 CF Benchmarks Ltd. All rights reserved.

CF Benchmarks Ltd (“CF Benchmarks”), a company registered in England and Wales with company number 11654816 and authorised and regulated by the Financial Conduct Authority. Information about us can be found on the Financial Services Register (register number 847100).

Registered Office: 6th Floor One London Wall, London, United Kingdom, EC2Y 5EB.

You agree not to, and have no rights to, use the CF Benchmarks Data to create, calculate, issue, settle, maintain, support or develop any financial instruments (including but, without limitation exchange traded products, certificates, warrants, contracts for difference, swaps, binary options, structured products), indices, products, services (including but without limitation, portfolio management services, pre- and post-trade risk management services, or valuation services) or any other derivative works without the express written consent of CF Benchmarrks.

You agree not to analyze, reverse-engineer or disassemble any CF Benchmarks data and not to insert any code or product to manipulate the Website content in any way that affects any user’s experience. Unless CF Benchmarks gives you prior written permission, use of any Web browsers (other than generally available third-party browsers), engines, scripts, software, spiders, robots, avatars, agents, tools or other devices or mechanisms (such as crawlers, browser plug-ins and add-ons, or other technology) to navigate, access, copy in bulk, retrieve, harvest, index, search or analyse any portion of the Website is strictly prohibited.

No part of this information may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior written permission of CF Benchmarks Ltd. Use and distribution of the CF Benchmarks data requires a license from CF Benchmarks or its authorized licensing agents.

All information is provided for information purposes only. All information and data contained on this website is obtained by CF Benchmarks, from sources believed by it to be accurate and reliable. Such information and data is provided "as is" without warranty of any kind.

CF Benchmarks, nor its directors, officers, employees, partners or licensors make any claim, prediction, warranty or representation whatsoever, expressly or implied, either as to the accuracy, timeliness, completeness or merchantability of any information or of results to be obtained from the use of the CF Benchmarks indices or the fitness or suitability of the same indices for any particular purpose to which they might be put. Any representation of historical data accessible through CF Benchmarks indices is provided for information purposes only and is not a reliable indicator of future performance.

No responsibility or liability can be accepted by CF Benchmarks nor their respective directors, officers, employees, partners or licensors for any loss or damage in whole or in part caused by, resulting from, or relating to any error (negligent or otherwise) or other circumstance involved in procuring, collecting, compiling, interpreting, analysing, editing, transcribing, transmitting, communicating or delivering any such information or data or from use of this website or links to this website.

CF Benchmarks and its respective directors, officers, employees, partners or licensors do not provide investment advice and nothing accessible through CF Benchmarks, should be taken as constituting financial or investment advice or a financial promotion. Charts and graphs are provided for illustrative purposes only. Index returns shown may not represent the results of the actual trading of any assets.

CF Benchmarks is a member of the Crypto Facilities group of companies which is in turn a member of the Payward, Inc. group of companies.
  • Payward, Inc. is the owner and operator of the Kraken Exchange, a venue that facilitates the trading of cryptocurrencies. The Kraken Exchange is a source of input data for certain CF Benchmarks indices.
  • Payward, Inc. is the owner and operator of the Staked, a venue that operates the block production nodes for decentralized PoS protocols on behalf of institutional investors. Staked.us is a source of input data for certain CF Benchmarks indices.

Please refer to the individual product family documentation for more information about applicable input data sources.

By clicking Accept, you consent to CF Benchmarks's use of cookies.

Visit Cookie Settings to learn how CF Benchmarks uses cookies and to adjust your preferences.

Cookie Settings