Valour Inc. has signed a memorandum of understanding with the Nairobi Securities Exchange (NSE) and Sovfi Inc. to facilitate the issuance and trading of digital asset exchange-traded products in Africa. The NSE is hopeful the collaboration will result in better product offerings and a broader investor base.

Passporting of Valour’s ETPs to the Nairobi Stock Exchange

Valour Inc., an issuer of exchange-traded products (ETPs) that simplify access to digital assets, has signed a memorandum of understanding (MOU) with the Nairobi Securities Exchange (NSE) and Sovfi Inc. to facilitate the creation, issuance, and trading of digital asset ETPs in Africa. The collaboration will see the deployment of financial products developed by Valour and Sovfi as well as the development of market infrastructure.

As explained in an Aug. 6 statement, the NSE’s partnership with the two firms will help enhance market access to global capital through tokenized finance primitives and real-world assets. According to the statement, the NSE is hopeful the collaboration will result in better product offerings and a broader investor base. This, in turn, solidifies the Kenyan stock exchange’s status as one of Africa’s leading bourses.

Remarking on his organization’s collaboration with Valour Inc. and Sovfi Inc., Frank Mwiti, CEO of the NSE, said:

We are thrilled to embark on this groundbreaking partnership. This collaboration aligns perfectly with our vision to position the NSE as a leading financial hub in Africa. The passporting of Valour’s ETPs to the NSE will significantly enhance our product offerings. By facilitating the creation, issuance, and trading of digital asset ETPs we are opening new avenues for both local and international investors.

Meanwhile, for Valour Inc., a subsidiary of Defi Technologies Inc., the collaboration is expected to expand the former’s reach, thereby improving the subsidiary’s liquidity and investment opportunities.

Olivier Roussy Newton, the CEO of Defi Technologies, said the MOU is an important step in Valour’s quest to expand access to digital asset investment products. Johan Wattenström, a director at Sovfi, hailed the MOU and said it has the “potential to accelerate the adoption of financial products, fostering growth and innovation across the African continent and beyond.”