Canadian fintech firm Valour Inc. has appointed GulfCap Investment Bank as its lead transaction advisor for the cross-listing of its digital asset-based Exchange Traded Products (ETPs) on the Nairobi Securities Exchange (NSE).
The strategic move, which is pending regulatory approval from Kenya’s Capital Markets Authority (CMA), is set to offer local investors access to Valour’s digital asset ETPs denominated in Kenyan Shillings. The cross-listing will give investors in East Africa exposure to leading global digital assets through regulated and transparent investment vehicles.
GulfCap Investment Bank will oversee the entire advisory process, including regulatory coordination, due diligence, documentation, investor outreach, and execution of the listing in line with CMA and NSE requirements.
“Kenya is already one of Africa’s most active digital assets markets by adoption, and this initiative places us firmly at the intersection of capital markets evolution and fintech disruption,” said Saud Shahbal, Founder and CEO of GulfCap Investment Bank.
Valour, a subsidiary of DeFi Technologies Inc.—a Canadian firm listed on Cboe Canada—offers a wide range of fully hedged digital asset ETPs across major European exchanges such as Xetra in Germany, Spotlight in Sweden, and Euronext in Paris and Amsterdam.
Andrew Forson, President of DeFi Technologies and Chief Growth Officer at Valour, emphasized the significance of the partnership. “We are proud to partner with GulfCap Investment Bank for this important initiative. Their proven track record in cross-border capital markets transactions and deep local expertise makes them the ideal advisor as we enter the Kenyan market.”
The collaboration marks a pivotal step in Valour’s global expansion strategy and its commitment to democratizing access to digital assets in emerging markets. It also reflects a broader trend of convergence between traditional financial systems and decentralized finance (DeFi).
Valour’s entry into Kenya aims to provide secure, regulated, and simplified digital asset investment opportunities, further reinforcing Nairobi’s position as a regional fintech and investment hub.
Written By Rodney Mbua
