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Valour plans to bring its exchange-traded crypto products to more investors in Africa, in response to a major deal with the Nairobi Securities Exchange.
Initial support will be for bitcoin (btc), ethereum (eth), Solana (SOL), and Hedera (HBAR) crypto ETPs, Valor noted in a Press release August 6th
Valour, a subsidiary of fintech firm DeFi Technologies, revealed that these plans stem from a memorandum of understanding with the NSE. The firm is also partnering with liquidity and capital solutions provider SovFi.
According to the ETP issuer, NSE and SovFi will assist in the creation, issuance and marketing of Valour ETPs in Africa. The Nairobi-based stock exchange will onboard Valour as an issuer. The partners will leverage SovFi’s expertise for blockchain integration as well as for distribution channels and financial instruments.
Why is this important?
Africa is one of the major emerging markets in the crypto space, with Nigeria, Kenya and South Africa being among the countries with the highest number of cryptocurrency users.
Valour’s expansion allows it to move its ETPs to the NSE, bringing the opportunities available in the cryptocurrency market closer to local investors.
In this case, NSE traders can gain exposure to cryptocurrencies like bitcoin and Ether through crypto products. ETPs mean they will do so through their regular brokerage accounts. Benefits also include institutional-grade custody.
“By leveraging our expertise in issuing innovative ETPs and facilitating the passporting of our financial instruments to the NSE, we aim to provide investors with secure and regulated exposure to the dynamic world of digital assets,” said Olivier Roussy Newton, CEO of DeFi Technologies in a statement.
bitcoin and ethereum among the first ETPs
Valour aims to expand into the African market, starting with some of the market’s leading cryptocurrency ETPs. According to the platform, initial launches will include exchange-traded products in btc, eth, SOL and HBAR.
With further development of market infrastructure, more investors across the continent could have access to more products. Companies will also pay attention to real asset and tokenized finance markets.
Valour offers its ETPs to both retail and institutional investors and its products include ETPs on Uniswap, Solana, Cardano, and XRP, among others. Recently, the platform launched the Valour Near (NEAR) ETP.
Investment products are traded on stock exchanges such as Frankfurt, Euronext and Spotlight stock market in Sweden.
