Valour is moving out of Europe to the green pastures of Africa by way of passporting.
Crypto fund issuer Valour has signed a memorandum of understanding with the Nairobi Securities Exchange (NSE) and financial instrument issuance platform SovFi on issuing and trading digital asset exchange-traded products (ETPs) on the NSE in Kenya.
Bitcoin (BTC), Ether (ETH), Solana (SOL) and Hedera (HBAR) ETPs from Valour and affiliated companies may be the first digital asset offerings on the NSE. The ETPs will be “passported” to the NSE, according to an announcement.
In the European Economic Area, “passporting” allows registration in one member state to be recognized throughout the area. Olivier Roussy Newton, CEO of Valour’s parent company DeFi Technologies, said:
