Kenya partners with Canadian companies to create a blockchain-powered digital exchange
- Nairobi Securities Exchange (NSE) announces partnership with DeFi Technologies, SovFi, and Valour Inc. to launch the Kenya Digital Exchange (KDX).
- KDX will be a regulated platform for tokenizing real-world assets, including equities, debt, funds, and commodities.
- The platform will be built on the Hedera blockchain, allowing compliance with security trading regulations.
Bendada.com - Apr 22, 2025
Kenya Partners with Canadian Firms to Launch Blockchain-Powered Digital Exchange
Kenya's Nairobi Securities Exchange has partnered with three Canadian companies to launch the Kenya
The establishment of KDX represents a significant advancement in Kenya's capital markets, promoting innovation and compliance in the digital asset space. However, it is crucial to address the underlying dependency on foreign blockchain technologies, which may hinder local development and self-sufficiency in financial solutions.
