- DeFi Technologies (DEFTF, Financial), SovFi, and Valour Inc. partner with Nairobi Securities Exchange (NSE) to launch Kenya Digital Exchange (KDX).
- KDX aims to tokenize real-world assets with full deployment expected by Q2 2026.
- Kenya's crypto transactions reached $18.6 billion in 2022, making it a key market for digital assets.
DeFi Technologies Inc. (OTC: DEFTF), SovFi, and Valour Inc. have announced a strategic partnership with the Nairobi Securities Exchange (NSE) for the creation of Kenya Digital Exchange (KDX). This platform aims to tokenize real-world assets (RWAs) and enhance financial market infrastructure via digital asset trading in Kenya.
The phased implementation of KDX will begin by the end of Q4 2025, with a full rollout expected by Q2 2026. The platform's revenue model will include trading and listing fees, as well as staking services, among other financial services. This initiative positions Kenya as a leader in digital asset trading within Africa.
Valour's exchange-traded products (ETPs) will be listed on the NSE by Q3 2025, expanding investor access to digital assets. With over 6 million crypto users and $18.6 billion in transactions in 2022, Kenya presents significant growth potential for digital asset markets.
Kenya ranks 21st globally in crypto adoption, supported by an 85% smartphone penetration rate and a vibrant fintech ecosystem. In 2024, Kenya attracted $638 million in venture funding, further establishing itself as a hub for digital financial innovations.
