Kenya prepares tokenizing RWAs on homegrown exchange [Video]

Canadian blockchain firm DeFi Technologies Inc. has partnered with the Nairobi Securities Exchange (NSE) to develop the Kenya Digital Exchange (KDX), a platform for tokenizing real-world assets (RWAs).

The KDX will tokenize a diverse array of assets, from debts and equities to commodities and funds. The partners said that it will also offer a platform for the issuance and trading of these assets.

Valour Inc., the exchange-traded product (ETP) issuance and asset management subsidiary of DeFi Tech, and SovFi Inc., a tokenization platform, are also involved in the initiative.

“This partnership represents a transformative step in expanding digital asset infrastructure across Africa. By collaborating with NSE, we will empower investors with new asset classes, driving economic growth, and positioning Kenya as a leading financial hub in Africa,” commented DeFi Tech’s Olivier Roussy Newton.

It’s not the first time the NSE has partnered with Valour and SovFi. Last August, the three announceda new initiative …

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