Totem Technologies signs deal with Eastern Shawnee Tribe of Oklahoma

Totem Technologies and the Eastern Shawnee Tribe of Oklahoma have signed a partnership, aiming to create pathways for tribal members to achieve financial inclusion with digital banking.

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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, 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.

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