DEFI Technologies has announced the development of Kenya Digital Exchange, a regulated platform for the tokenization of active world.
Announced on April 21, Kenya Digital Exchange is a collaboration between DEFI Technologies and its subsidiary Valor Inc., as well as Sovfi and the Nairobi Securities Exchange.
KDX offers a new exchange which will trade in various token products, including actions, debt, funds and products.
“This partnership marks a daring and strategic jump to the future of African capital markets,” said Frank Mwiti, director general of the NSE.
KDX will help unlock new investment opportunities for users, increase market access and provide benefits to tokenization and exchange more users across the continent.
In particular, KDX will draw from blockchain technology, including Hedera (Hbar), to bring these advantages to users.
“By collaborating with NSE, we will allow investors of new asset classes, economic growth and positioning of Kenya as a leading financial center in Africa,” said Olivier Roussy Newton of Defi Technologies.
The partnership occurs several months after a first collaboration between Valor and the NSE, which will see products negotiated by Valor Gol online at the Nairobi Stock Exchange.
Depending on the details of the latest press release, ETPs are ready for the NSE list before the end of the third quarter of 2025.
Meanwhile, KDX is defined for progressive deployment, with the first of the three phases implemented by the end of 2025. The last phase is expected in the first half of 2026.
The new digital exchange will include an income model which includes negotiation costs, registration fees, deposit / withdrawal fees and margin trading.
KDX also plans to listen to the income of loans, loss, launches of tokens, custody and initial exchange offers among many other initiatives.
The launch of KDX seeks to draw on a market with more than 6 million cryptography users, and the one who represented more than $ 18.6 billion in transactions in 2022.
