DeFi Technologies’ subsidiary, Valour Inc., has announced a significant Memorandum of Understanding (MOU) with the Nairobi Securities Exchange and SovFi to develop and launch Valour ETPs (Exchange-Traded Products) in Africa.
Date – 06-Aug-2024
DeFi Technologies’ subsidiary, Valour Inc., has announced a significant Memorandum of Understanding (MOU) with the Nairobi Securities Exchange (NSE) and SovFi Inc. The agreement will facilitate the development, issuance, and trading of digital asset exchange-traded products (ETPs) in Africa, leveraging Valour’s expertise in digital assets and SovFi’s financial solutions.
The MOU aims to enhance market infrastructure, attract a wider investor base, and boost trading volumes by introducing Valour’s ETPs on the NSE. This partnership is set to strengthen the NSE’s position as a key financial hub in Africa and expand Valour’s presence in the region, fostering greater liquidity and investment opportunities.
Kenya, known for its technological innovation and robust mobile money ecosystem, is the leading cryptocurrency market in East Africa and ranks among the top five on the continent. The country’s growing digital asset adoption highlights its potential to transform the financial landscape.
DeFi Technologies Inc., a leader in integrating traditional capital markets with decentralized finance (DeFi), is pleased to announce this strategic collaboration through its subsidiary Valour Inc., a prominent issuer of ETPs providing simplified access to digital assets. The partnership with the NSE and SovFi aims to offer innovative investment opportunities, enhance market liquidity, and contribute to Kenya’s economic growth.
SovFi focuses on delivering market liquidity and capital-raising solutions through a blend of traditional and token-based finance, offering low-cost, highly liquid exchange-tradable products.
