Valour partners with Nairobi Securities Exchange to transform Kenya's digital asset market
DeFi Technologies' subsidiary, Valour Inc., has entered into a significant Memorandum of Understanding (MOU) with the Nairobi Securities Exchange (NSE) and SovFi Inc. This partnership aims to establish a framework for the creation, issuance, and trading of digital asset exchange-traded products (ETPs) within the African market. The announcement was made via the company's official X account.
The collaboration is designed to enhance the market infrastructure, broaden the investor base, and boost trading volumes on the NSE by introducing Valour's ETPs. This initiative is expected to solidify the NSE's status as a premier financial hub in Africa while expanding Valour's market presence, thereby increasing liquidity and investment opportunities.
Kenya is recognized as a leading technological innovation center, boasting an extensive mobile money ecosystem and an impressive 85% smartphone penetration. It stands as the largest cryptocurrency market in East Africa and ranks among the top five across the continent. The growing adoption of digital assets in Kenya underscores its potential to revolutionize the financial landscape.
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