Defi Technologies has announced the development of Kenya Digital Exchange, a regulated platform assigned to tokenization of actual assets.
The Kenya Digital Exchange, announced on April 21, is a collaboration between Defi Technologies and its subsidiary Valor Inc., Sovfi and Nairobi Securities Exchange.
KDX offers new exchanges that allow you to trade a variety of tokenized products, including stocks, debts, funds, and goods.
“This partnership will make a bold and strategic leap into the future of Africa’s capital markets,” said Frank Mwitty, NSE CEO.
KDX helps unlock new investment opportunities for users, increase market access and bring benefits and trading to more users across the continent.
In particular, KDX leverages blockchain technology, including Hedera (HBAR), to bring these benefits to its users.
“Working with the NSE, we will strengthen our investors’ new asset classes, promote economic growth and help Kenya position themselves as Africa’s leading financial hub,” said Olivier Roussy Newton of Defi Technologies.
This partnership comes months after Valor’s first collaboration with NSE. This will make Valor exchanges available on the Nairobi Stock Exchange.
According to details in the latest press release, ETPS will be set on the NSE list by the end of the third quarter of 2025.
Meanwhile, KDX is set to be a gradual rollout, with the first of the three phases being implemented by the end of 2025. The final phase is expected in the first half of 2026.
The new Digital Exchange will feature revenue models including transaction fees, listing fees, deposit/withdrawal fees and margin trading.
KDX also plans to earn revenue from lending, staking, token launches, custody and initial exchanges among many other initiatives.
The launch of KDX leverages a market with over 6 million crypto users, accounting for more than $18.6 billion in 2022.
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