Valour, GulfCap Investment Bank partner to cross-list digital asset products on NSE

Canadian fintech firm Valour Inc. has partnered with GulfCap Investment Bank (GCIB) to cross-list its Exchange Traded Products (ETPs) on the Nairobi Securities Exchange (NSE), marking a significant step in expanding regulated digital asset investment options in Kenya.

The cross-listing, pending approval from the Capital Markets Authority (CMA), will enable Kenyan investors to trade Valour’s ETPs in local currency, offering direct exposure to leading digital assets through regulated investment vehicles. This initiative aims to simplify access to digital assets for East Africa’s growing pool of investors.

GCIB, a CMA-licensed investment bank, will serve as the lead transaction advisor, overseeing the entire cross-listing process. Their role includes regulatory coordination, due diligence, documentation, investor engagement, and ensuring compliance with NSE and CMA listing requirements.

Valour Inc. operates as a subsidiary of DeFi Technologies Inc., a financial technology company that bridges traditional finance with decentralized finance through digital assets. DeFi Technologies is publicly listed on Cboe Canada and focuses on developing innovative financial solutions based on blockchain technology.

 “We are proud to partner with GulfCap Investment Bank for this important initiative. Their expertise in cross-border capital markets and local regulatory knowledge make them an ideal partner as we enter Kenya. This collaboration underscores our commitment to connecting global investors with decentralized finance in a compliant and sustainable way” said Andrew Forson, President of DeFi Technologies and Chief Growth Officer of Valour.

Valour currently manages over 65 fully hedged digital asset ETPs listed on major European exchanges such as Germany’s Xetra, Sweden’s Spotlight, and Euronext in Paris and Amsterdam. The Nairobi cross-listing is part of Valour’s broader strategy to expand digital asset access into emerging markets, offering Kenyan investors a secure and regulated way to diversify their portfolios.

“Kenya is one of Africa’s fastest-growing markets for digital assets. This partnership positions us at the forefront of capital markets innovation and fintech disruption. Our goal is to expand financial inclusion by offering alternative, regulated investment products tailored for Kenya’s digitally savvy investors” GulfCap CEO Saud Shahbal added,

Shahbal noted that GulfCap is working closely with regulators and stakeholders to ensure robust governance, regulatory compliance, and investor protection throughout the process.

This cross-listing move is expected to further solidify Kenya’s position as a leading hub for digital finance innovation in Africa.