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The collaboration will see Valour Inc. and SovFi leveraging their expertise in digital assets and financial solutions to create, issue, and trade these ETPs on the NSE
The Nairobi Securities Exchange (NSE) has signed a Memorandum of Understanding (MOU) with Valour Inc., a subsidiary of Canadian listed firm DeFi Technologies Inc., and SovFi Inc., to introduce digital asset exchange-traded products (ETPs) to the Kenyan market. The collaboration will see Valour Inc. and SovFi leveraging their expertise in digital assets and financial solutions to create, issue, and trade these ETPs on the NSE.
Kenya is already a major player in Africa’s cryptocurrency landscape, with a tech-savvy population and robust mobile money ecosystem. DeFi Technologies is a Canada-based company traded on CBOE Canada while Valour has issued 33 ETPs on European exchanges.
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In a statement released by the Toronto-based stock exchange CBOE, DeFi Technologies said this move aims to enhance Kenya’s position as a leading financial hub in Africa by attracting a broader investor base and increasing market activity. It will also provide local and international investors with new opportunities to engage with the growing digital asset market in a secure and regulated environment.
