DeFi Technologies reveals launch of Kenya Digital Exchange
DeFi Technologies has announced the development of Kenya Digital Exchange, a regulated platform earmarked for the tokenization of real-world assets.
Announced on April 21, Kenya Digital Exchange is a collaboration between DeFi Technologies and its subsidiary Valour Inc., as well as SovFi and the Nairobi Securities Exchange.
KDX offers a new exchange that will allow for the trading of various tokenized products, including equities, debt, funds and commodities.
“This partnership marks a bold and strategic leap toward the future of African capital markets,” said Frank Mwiti, chief executive officer of the NSE.
KDX will help unlock new investment opportunities for users, increase market access and bring benefits tokenization and trading to more users across the continent.
Notably, KDX will tap into blockchain technology, including Hedera ( HBAR ), to bring these benefits to users.
“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,” said Olivier Roussy Newton of DeFi Technologies.
The partnership comes several months after an initial collaboration between Valour and the NSE, which will see exchange-traded products by Valour go live on the Nairobi Stock Exchange.
Per the details in the latest press release, the ETPs are set for NSE-listing before the end of the third quarter of 2025.
Meanwhile, KDX is set for phased rollout, with the first of three phases implemented by the end of 2025. The last phase is expected in the first half of 2026.
The new digital exchange will feature a revenue model that includes trading fees, listing fees, deposit/withdrawal fees, and margin trading.
KDX also plans to accrue revenue from lending, staking, token launches, custody and initial exchange offerings among many other initiatives.
The launch of KDX looks to tap into a market boasting over 6 million crypto users, and one that accounted for over $18.6 billion in transactions in 2022.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Top Altcoins to Buy in 2025: BlockDAG, Solana, Cardano, and Avalanche Could See Strong Growth
Explore top altcoins to buy now like BlockDAG, Solana, Cardano, and Avalanche. See what makes them stand out and their potential in 2025.2. Solana’s Speed and Market Data Insights3. Cardano’s Smart Contract Strengths to Explore4. Avalanche (AVAX) Market Overview and Network CapabilitiesTop Altcoins to Buy in 2025: A Summary of Choices
SUI’s Price Jump, Polkadot’s Bullish Signals, and the 2700% ROI Potential of Unstaked’s Stage 12 AI Crypto: Just $0.008997?
Witness the SUI price prediction climb, Polkadot form bullish patterns, and Unstaked AI presale surge with 2,700% ROI potential as the top crypto pick for 2025.Polkadot Eyes Breakout from Bullish WedgeUnstaked Turns AI From a Buzzword Into a Business EngineThe Path Ahead
Next Crypto to Explode: BTFD Coin Raises $7M With 200% Bonus Still Live—Whales Are All In as $CAT and $SNEK SlideFind Out More:
$CAT and $SNEK dip, while BTFD Coin preps for liftoff—is this the next crypto to explode?BTFD Coin: The Referral Gold Rush Fuelling the Next Crypto to ExplodeSnek ($SNEK): Can This Cardano Creature Strike Back?Simon’s Cat ($CAT): Nine Lives, But Losing One Fast?Time’s Almost Up: BTFD Coin’s Presale Ends May 26
Jetcraft Now Accepts Bitcoin for Private Jet Payments
Private jet giant Jetcraft now accepts Bitcoin and crypto, signaling growing luxury adoption.Billionaires Are Buying Jets with BitcoinA Bold Shift in Luxury SpendingWhat This Means for Crypto Adoption
Trending news
MoreCrypto prices
More
