DeFi Technologies'; Subsidiary Valour Inc. Announces Landmark MOU with Nairobi Securities Exchange and SovFi to Develop and Launch Valour ETPs in Africa
DeFi Technologies' subsidiary, Valour Inc., has signed a Memorandum of Understanding (MOU) with the Nairobi Securities Exchange (NSE) and SovFi Inc. to develop and launch digital asset exchange-traded products (ETPs) in Africa. This collaboration aims to enhance market infrastructure, attract investors, and increase trading volumes on the NSE. Kenya, a technological innovation hub with 85% smartphone penetration, is the largest cryptocurrency market in East Africa and among the top five on the continent.
The partnership leverages Valour's expertise in digital assets and SovFi's financial solutions to expand ETP offerings and market reach in Africa. Initially, ETPs may include those related to Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Hedera (HBAR). This strategic move is expected to strengthen NSE's position as a leading African financial hub and contribute to Kenya's economic growth by providing innovative investment opportunities.
La filiale di DeFi Technologies, Valour Inc., ha firmato un Memorandum of Understanding (MOU) con la Nairobi Securities Exchange (NSE) e SovFi Inc. per sviluppare e lanciare prodotti scambiati in borsa (ETP) di asset digitali in Africa. Questa collaborazione mira a migliorare le infrastrutture di mercato, attrarre investitori e aumentare i volumi di trading sulla NSE. Il Kenya, un centro di innovazione tecnologica con un tasso di penetrazione degli smartphone dell'85%, è il più grande mercato delle criptovalute in Africa orientale e tra i primi cinque del continente.
Il partenariato sfrutta l'expertise di Valour negli asset digitali e le soluzioni finanziarie di SovFi per ampliare l'offerta di ETP e la portata nel mercato africano. Inizialmente, gli ETP potrebbero includere quelli legati a Bitcoin (BTC), Ethereum (ETH), Solana (SOL) e Hedera (HBAR). Questa mossa strategica si prevede rafforzerà la posizione della NSE come un importante hub finanziario africano e contribuirà alla crescita economica del Kenya, offrendo opportunità di investimento innovative.
La filial de DeFi Technologies, Valour Inc., ha firmado un Memorando de Entendimiento (MOU) con la Bolsa de Valores de Nairobi (NSE) y SovFi Inc. para desarrollar y lanzar productos de intercambio cotizados (ETP) en activos digitales en África. Esta colaboración tiene como objetivo mejorar la infraestructura del mercado, atraer inversores y aumentar los volúmenes de negociación en la NSE. Kenia, un centro de innovación tecnológica con un 85% de penetración de smartphones, es el mercado de criptomonedas más grande de África Oriental y uno de los cinco principales del continente.
La asociación aprovecha la experiencia de Valour en activos digitales y las soluciones financieras de SovFi para ampliar la oferta de ETP y el alcance en el mercado africano. Inicialmente, los ETP podrían incluir aquellos relacionados con Bitcoin (BTC), Ethereum (ETH), Solana (SOL) y Hedera (HBAR). Este movimiento estratégico se espera que fortalezca la posición de la NSE como un importante centro financiero africano y contribuya al crecimiento económico de Kenia, proporcionando oportunidades de inversión innovadoras.
DeFi Technologies의 자회사인 Valour Inc.가 Nairobi Securities Exchange (NSE)와 SovFi Inc.와 협력하여 아프리카에서 디지털 자산 상장지수상품(ETPs)을 개발하고 출시하는 양해각서(MOU)를 체결했습니다. 이 협업의 목적은 시장 기반 시설을 개선하고 투자자를 유치하며 NSE에서 거래량을 증가시키는 것입니다. 케냐는 스마트폰 보급률이 85%에 달하는 기술 혁신의 중심지로, 동아프리카에서 가장 큰 암호화폐 시장이며 대륙에서 상위 다섯 곳 중 하나입니다.
이번 파트너십은 Valour의 디지털 자산에 대한 전문성과 SovFi의 금융 솔루션을 활용하여 아프리카에서 ETP 제공 및 시장 범위를 확장할 것입니다. 초기 ETP는 비트코인(BTC), 이더리움(ETH), 솔라나(SOL) 및 헤데라(HBAR)와 관련된 것들이 포함될 수 있습니다. 이 전략적 움직임은 NSE의 아프리카 금융 허브로서의 위치를 강화하고 혁신적인 투자 기회를 제공하여 케냐의 경제 성장에 기여할 것으로 예상됩니다.
La filiale de DeFi Technologies, Valour Inc., a signé un Mémorandum d'Entente (MOU) avec la Bourse de Nairobi (NSE) et SovFi Inc. pour développer et lancer des produits d'échange cotés (ETP) d'actifs numériques en Afrique. Cette collaboration vise à améliorer l'infrastructure du marché, attirer des investisseurs et augmenter les volumes de négoce à la NSE. Le Kenya, un hub d'innovation technologique avec un taux de pénétration de smartphones de 85 %, est le plus grand marché de cryptomonnaies d'Afrique de l'Est et figure parmi les cinq premiers du continent.
Le partenariat tire parti de l'expertise de Valour dans les actifs numériques et des solutions financières de SovFi pour élargir l'offre d'ETP et la portée du marché en Afrique. Au départ, les ETP pourraient inclure ceux liés à Bitcoin (BTC), Ethereum (ETH), Solana (SOL) et Hedera (HBAR). Ce mouvement stratégique devrait renforcer la position de la NSE en tant que principal hub financier africain et contribuer à la croissance économique du Kenya en offrant des opportunités d'investissement innovantes.
Die Tochtergesellschaft von DeFi Technologies, Valour Inc., hat ein Memorandum of Understanding (MOU) mit der Nairobi Securities Exchange (NSE) und SovFi Inc. unterzeichnet, um digitale Vermögenswerte in Form von börsengehandelten Produkten (ETPs) in Afrika zu entwickeln und einzuführen. Diese Zusammenarbeit zielt darauf ab, die Marktinfrastruktur zu verbessern, Investoren anzuziehen und das Handelsvolumen an der NSE zu steigern. Kenya, ein Zentrum für technologische Innovation mit einer Smartphone-Durchdringung von 85 %, ist der größte Kryptowährungsmarkt in Ostafrika und gehört zu den fünf größten auf dem Kontinent.
Die Partnerschaft nutzt Valours Expertise im Bereich digitale Vermögenswerte und die finanziellen Lösungen von SovFi, um das Angebot an ETPs und die Marktpräsenz in Afrika auszubauen. Zunächst könnten ETPs solche sein, die sich auf Bitcoin (BTC), Ethereum (ETH), Solana (SOL) und Hedera (HBAR) beziehen. Dieser strategische Schritt soll die Position der NSE als führendes afrikanisches Finanzzentrum stärken und zum Wirtschaftswachstum Kenias beitragen, indem er innovative Investitionsmöglichkeiten bietet.
- Expansion into the African market through partnership with Nairobi Securities Exchange
- Potential increase in trading volumes and market activity for Valour's ETPs
- Opportunity to tap into Kenya's growing digital asset market, ranked 15th globally in cryptocurrency interest
- Collaboration with SovFi to leverage blockchain technology in African financial markets
- None.
- Strategic MOU Announcement: DeFi Technologies' subsidiary, Valour Inc., 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 exchange-traded products (ETPs) in the African market, leveraging Valour's expertise in digital assets and SovFi's financial solutions.
- Objectives and Outcomes: The collaboration aims to enhance market infrastructure, attract a broader investor base, and increase trading volumes by deploying Valour's ETPs on the NSE. This partnership will strengthen the NSE's position as a leading financial hub in
Africa and expand Valour's market reach inAfrica , contributing to increased liquidity and investment opportunities. Kenya 's Digital Asset Landscape:Kenya , a technological innovation hub with a robust mobile money ecosystem and85% smartphone penetration, is the largest cryptocurrency market inEast Africa and ranks among the top five on the continent. The country is witnessing growing digital asset adoption for practical applications, highlighting its potential to transform the financial landscape.
The NSE, the premier African securities exchange, provides a world-class trading facility for both local and international investors. This collaboration with Valour and SovFi is set to bolster NSE's position as a leading financial hub in
SovFi aims to provide market liquidity and capital-raising solutions for large sovereign capital market operators. SovFi's financial instrument development, regulation, and deployment leverage both traditional and token-based finance to deliver low-cost, highly liquid exchange-tradable products.
Key Objectives of the MOU
The key objectives of the MOU include facilitating the creation, issuance, and trading of digital asset ETPs on the NSE by leveraging Valour's extensive expertise in digital assets and ETPs. The MOU aims to deploy financial products developed by Valour and SovFi, develop market infrastructure and enhance market access to global capital through tokenized finance primitives and real-world assets.
Expected Outcomes
The expected outcomes of this MOU are significant. For the NSE, the collaboration will enhance product offerings, attract a broader investor base, and benefit from increased trading volumes and market activity, thereby further solidifying its role in the growth of
Frank Mwiti, CEO of the Nairobi Securities Exchange declared: "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
Through the MOU, Valour plans to expand its ETP product offerings and market reach in
Olivier Roussy Newton, Chief Executive Officer of Defi Technologies added: "This MOU marks a significant milestone in Valour's mission to expand access to digital asset investment products globally. By leveraging our expertise in issuing innovative ETPs and facilitating the passporting of our financial instruments to the NSE, we aim to provide investors with secure and regulated exposure to the dynamic world of digital assets. Our collaboration with the NSE and SovFi will enable us to expand our product offerings and market reach in
SovFi will leverage enhanced distribution channels and market penetration opportunities, promoting the adoption of blockchain technology in African financial markets.
Johan Wattenström, Director of SovFi commented: "This collaboration between SovFi, the NSE, and Valour represents a significant step towards expanding access to innovative financial products. SovFi's expertise in tokenization and blockchain technology will play a crucial role in this collaboration. Along with the NSE's established market presence and Valour's ETP expertise, this MOU has the potential to accelerate the adoption of financial products, fostering growth and innovation across the African continent and beyond."
Collaborative Efforts
The NSE will facilitate the creation, issuance, and trading of digital asset ETPs and onboard Valour as an issuer. Valour will expand its product offerings, utilize ETPs from Valour and affiliate companies, and provide expertise in issuing and managing digital asset-based financial products. Initially, this may include, but is not limited to, ETPs related to Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and Hedera (HBAR). SovFi will leverage distribution channels, provide expertise in financial instruments, and support the integration of blockchain technology in the African financial markets.
Digital Asset Adoption in
About Nairobi Securities Exchange
The NSE is the premier African securities exchange located in
About SovFi Inc.
SovFi aims to provide market liquidity and capital-raising solutions for large sovereign capital market operators. SovFi's financial instrument development, regulation, and deployment leverage both traditional and token-based finance to deliver low-cost, highly liquid exchange-tradable products. For more information please visit https://www.sov.fi/
About DeFi Technologies
DeFi Technologies Inc. (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF) is a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance (DeFi). With a dedicated focus on industry-leading Web3 technologies, DeFi Technologies aims to provide widespread investor access to the future of finance. Backed by an esteemed team of experts with extensive experience in financial markets and digital assets, we are committed to revolutionising the way individuals and institutions interact with the evolving financial ecosystem. Join DeFi Technologies' digital community on Linkedin and Twitter, and for more details, visit https://defi.tech/
About Valour
Valour Inc. and Valour Digital Securities Limited (together, "Valour") issues exchange traded products ("ETPs") that enable retail and institutional investors to access digital assets in a simple and secure way via their traditional bank account. Valour is part of the asset management business line of DeFi Technologies Inc. (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF).
In addition to their novel physical backed digital asset platform, which includes 1Valour Bitcoin Physical Carbon Neutral ETP, 1Valour Ethereum Physical Staking, and 1Valour Internet Computer Physical Staking, Valour offers fully hedged digital asset ETPs with low to zero management fees, with product listings across European exchanges, banks and broker platforms. Valour's existing product range includes Valour Uniswap (UNI), Cardano (ADA), Polkadot (DOT), Solana (SOL), Avalanche (AVAX), Cosmos (ATOM), Binance (BNB), Ripple (XRP), Toncoin (TON), Internet Computer (ICP), Chainlink (LINK), Core (CORE), Enjin (ENJ), Valour Bitcoin Staking (BTC), Bitcoin Carbon Neutral (BTCN), Hedera (HBAR), Valour Digital Asset Basket 10 (VDAB10) and 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETPs with low management fees. Valour's flagship products are Bitcoin Zero and Ethereum Zero, the first fully hedged, passive investment products with Bitcoin (BTC) and Ethereum (ETH) as underlyings which are completely fee free. For more information on Valour, to subscribe, or to receive updates and financial information, visit valour.com.
Cautionary note regarding forward-looking information:
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to objectives and outcomes of the MOU; listing of ETPs on the NSE; development of ETPs; future demand for ETP's; the regulatory environment with respect to the growth and adoption of decentralized finance; the pursuit by DeFi and its subsidiaries of business opportunities; and the merits or potential returns of any such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but is not limited the acceptance of Valour exchange traded products by exchanges; growth and development of decentralised finance and digital asset sector; rules and regulations with respect to decentralised finance and digital assets; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
THE CBOE
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SOURCE DeFi Technologies Inc.
FAQ
What is the purpose of the MOU signed between Valour, NSE, and SovFi?
Which digital assets may be included in the initial ETPs offered by Valour (DEFTF) on the Nairobi Securities Exchange?
How does Kenya's digital asset landscape contribute to this partnership?
What are the expected outcomes of this collaboration for DeFi Technologies (DEFTF) and its subsidiary Valour?
