Nairobi Stock Exchange launches Kenya Digital Exchange

Nairobi Securities Exchange (NSE) of Kenya has announced a partnership with DeFi Technologies, Valour, and others to launch the Kenyan Digital Exchange KDX, providing capital market access for tokenization and digital asset trading in Kenya's financial market infrastructure. It is reported that KDX's revenue model will include trading fees, withdrawal and deposit fees, listing fees, margin trading and lending, collateral services, IDO, token issuance, custody services, tokenization services, fiat currency exchange fees, market making, yield services, etc.

(Note: The Nairobi Securities Exchange was established in 1954 and is the earliest national exchange established in the sub-Saharan region.)