Totem Technologies signs deal with Eastern Shawnee Tribe of Oklahoma

The goal of the partnership will be to streamline tribal benefits access while delivering financial products and education that are culturally relevant.

Glenna J. Wallace, Eastern Shawnee Chief, said: “Working with Totem provides a great opportunity for us to provide financial products to our people while simultaneously growing economic opportunities in areas that we already lead in — namely, financial services and innovation.”

The Eastern Shawnee Tribe is Totem’s first announced partner. The tribe revealed it is creating a gaming business in the metaverse offering a range of virtual items. The tribe is the majority owner of the People's Bank of Seneca, a $364m financial institution situated in Seneca, Missouri.

Totem plans to launch a credit-builder product later this year.

The app provides information on national and tribe-specific benefit programs allowing users to enable financial support and engages in revenue-sharing with its partner tribes.

Amber Buker,Table games Totem Founder and CEO, said: “We couldn’t be happier to be working with the Eastern Shawnee Tribe of Oklahoma to launch Totem. We’re working to create a new tradition of Native wealth-building that will help all our people thrive for generations to come.”

Meanwhile, the Eastern Shawnee Tribe of Oklahoma recently signed a partnership with Lucky Lady Games to bring metaverse-based online gaming to northeast Oklahoma.

And, for more on the metaverse, check out our in-depth interview on where gambling stands in the metaverse.