{"id":35565,"date":"2024-08-06T20:06:16","date_gmt":"2024-08-06T20:06:16","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/valour-to-issue-digital-asset-etps-in-kenya-as-it-expands-beyond-europe\/"},"modified":"2024-08-06T20:06:16","modified_gmt":"2024-08-06T20:06:16","slug":"valour-to-issue-digital-asset-etps-in-kenya-as-it-expands-beyond-europe","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/valour-to-issue-digital-asset-etps-in-kenya-as-it-expands-beyond-europe\/","title":{"rendered":"Valour to issue digital asset ETPs in Kenya as it expands beyond Europe"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/Valour-to-issue-digital-asset-ETPs-in-Kenya-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/Valour-to-issue-digital-asset-ETPs-in-Kenya-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/Valour-to-issue-digital-asset-ETPs-in-Kenya-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/Valour-to-issue-digital-asset-ETPs-in-Kenya-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Valour partners with NSE and SovFi to launch Bitcoin, Ether, Solana, and Hedera ETPs.<\/li>\n<li>The ETPs will be passported to NSE, marking Kenya\u2019s first digital asset products.<\/li>\n<li>Kenya\u2019s regulatory framework for digital assets is evolving, supporting new innovations.<\/li>\n<\/ul>\n<p>Crypto fund issuer Valour is set to expand its reach beyond Europe with a significant move into the Kenyan market. The company has signed a <a href=\"https:\/\/www.prnewswire.com\/news-releases\/defi-technologies-subsidiary-valour-inc-announces-landmark-mou-with-nairobi-securities-exchange-and-sovfi-to-develop-and-launch-valour-etps-in-africa-302215131.html\">memorandum of understanding<\/a> with the Nairobi Securities Exchange (NSE) and SovFi to issue and trade digital asset exchange-traded products (ETPs) in Kenya.<\/p>\n<p>This strategic expansion will introduce <a href=\"https:\/\/coinjournal.net\/bitcoin\/what-is-bitcoin\/\">Bitcoin (BTC)<\/a>, Solana (SOL), <a href=\"https:\/\/coinjournal.net\/ethereum\/what-is-ethereum\/\">Ethereum (ETH)<\/a>, and Hedera (HBAR) ETPs to the NSE, marking a milestone as these offerings could be the first digital asset products on the exchange.<\/p>\n<h2>Valour pioneering digital asset offerings in Kenya<\/h2>\n<p>Valour\u2019s entry into the Kenyan market represents a major development in the region\u2019s financial landscape.<\/p>\n<p>The ETPs, including those for Bitcoin, Ether, Solana, and Hedera, will be \u201cpassported\u201d to the NSE, leveraging the expertise of Valour\u2019s parent company, DeFi Technologies.<\/p>\n<p>DeFi Technologies, based in Canada, has previously demonstrated its innovation in issuing ETPs across European exchanges. It launched a validator node on the Core Chain in June after Valour and Core partnered to issue Valour Bitcoin Staking ETP on the Nordic Growth Market exchange.<\/p>\n<p>Currently, Valour issues 33 ETPs on European exchanges including the recently launched Near Protocol (NEAR) ETP on the Swedish Spotlight Stock Market.<\/p>\n<p>Olivier Roussy Newton, CEO of DeFi Technologies, emphasized the goal of providing secure and regulated exposure to digital assets for investors through this new venture.<\/p>\n<h2>Kenya\u2019s evolving digital asset regulation<\/h2>\n<p>Kenya\u2019s regulatory environment for digital assets has been evolving since November 2022, when the country began formal regulation of these financial instruments.<\/p>\n<p>A multi-agency government working group is actively developing a comprehensive regulatory framework, with the Blockchain Association of Kenya contributing to the process.<\/p>\n<p>This regulatory development comes amid growing interest in Web3 technologies and recent partnerships, such as the one with Abu Dhabi\u2019s Venom Foundation to launch a blockchain and Web3 hub.<\/p>\n<p>Valour\u2019s move aligns with Kenya\u2019s progressive stance on digital assets, enhancing the country\u2019s growing digital asset ecosystem.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/valour-to-issue-digital-asset-etps-in-kenya-as-it-expands-beyond-europe\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Valour partners with NSE and SovFi to launch Bitcoin, Ether, Solana, and Hedera ETPs. The ETPs will be passported to NSE, marking Kenya\u2019s first digital asset products. Kenya\u2019s regulatory framework for digital assets is evolving, supporting new innovations. Crypto fund issuer [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":35566,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/35565"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=35565"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/35565\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/35566"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=35565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=35565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=35565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}