Valour, a subsidiary of DeFi Technologies, is making a significant move into the African market by bringing its crypto exchange-traded products (ETPs) to more investors. This expansion comes as a result of a key agreement with the Nairobi Securities Exchange (NSE).
The initial focus will be on offering crypto ETPs for popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Hedera (HBAR), as announced by Valour in a press release on August 6th. This move follows a Memorandum of Understanding with the NSE and a strategic partnership with SovFi, a liquidity and capital solutions provider.
Through this collaboration, the NSE and SovFi will assist in the creation, issuance, and trading of Valour ETPs in Africa. The Nairobi-based stock exchange will onboard Valour as an issuer, while SovFi will provide expertise in blockchain integration, distribution channels, and financial instruments.
This development is crucial because Africa is recognized as one of the fastest-growing markets in the crypto industry, with countries like Nigeria, Kenya, and South Africa leading in terms of crypto adoption. By bringing its ETPs to the NSE, Valour aims to provide local investors with access to the diverse opportunities available in the crypto market.
Investors on the NSE will now have the chance to gain exposure to cryptocurrencies like Bitcoin and Ethereum through these ETPs, all within the convenience of their regular brokerage accounts. Additionally, they will benefit from institutional-grade custody services, ensuring the security of their digital assets.
Olivier Roussy Newton, CEO of DeFi Technologies, expressed the company’s commitment to offering secure and regulated exposure to digital assets through innovative ETPs. Valour’s initial ETP offerings in the African market will include products based on Bitcoin, Ethereum, Solana, and Hedera, with plans to expand further as market infrastructure develops.
Valour’s ETPs cater to both retail and institutional investors, featuring a range of products including those based on Uniswap, Cardano, XRP, and recently launched Valour Near (NEAR) ETP. These investment products are traded on various stock exchanges, such as Frankfurt, Euronext, and Spotlight Stock Market in Sweden.
Overall, Valour’s expansion into the African market signifies a significant step towards democratizing access to digital assets for a broader range of investors in the region. With the support of the NSE and SovFi, more individuals and institutions in Africa will have the opportunity to participate in the evolving world of cryptocurrency investments.