Blockchain
Valour Partners with NSE to Launch First Crypto ETP in Kenya
A significant milestone in the adoption of cryptocurrency and blockchain technology in Africa is set to unfold as Valour, a leading issuer of crypto funds, partners with the Nairobi Securities Exchange (NSE) and SovFi to introduce digital asset exchange-traded products (ETPs) in Kenya. This initiative will bring Bitcoin, Ether, Solana, and Hedera ETPs to the NSE, marking potential firsts for the Kenyan market.
Partnership Overview
Valour plans to “passport” its ETPs to the NSE, leveraging its expertise in creating innovative investment products while ensuring compliance with local regulations. Olivier Roussy Newton, CEO of Valour’s parent company DeFi Technologies, expressed confidence in this strategic move, stating, “The passporting of Valour’s ETPs to the NSE will significantly enhance our product offerings. By facilitating the creation, issuance, and trading of digital asset ETPs we are opening new avenues for both local and international investors.”
Regulatory and Market Context
Kenya has been actively developing its regulatory framework for digital assets since November 2022. The country is moving towards standalone legislation with input from the Blockchain Association of Kenya. Recently, a government working group has been crafting frameworks for monitoring and regulating cryptocurrencies and digital assets, highlighting Kenya’s growing interest in Web3 technologies. This is further exemplified by a partnership with the Venom Foundation to establish a blockchain and Web3 hub in Africa.
Despite initial resistance, the Kenyan government has shown a willingness to embrace digital innovations, as evidenced by the eventual acceptance of Worldcoin, a controversial project backed by Sam Altman. This evolving attitude towards digital assets and blockchain technology is paving the way for further advancements and adoption within the country.
Implications for the Market
Valour’s move to introduce digital asset ETPs on the NSE signifies a significant step in Kenya’s journey towards embracing cryptocurrency and blockchain technology. This development not only reflects broader trends of digital asset adoption and regulatory advancements across Africa but also positions the NSE as a potential hub for digital asset investments in the region.
As Kenya continues to navigate its regulatory landscape for digital assets, the introduction of Valour’s digital asset ETPs on the NSE represents a crucial advancement in the country’s financial market. This partnership is poised to provide secure and regulated exposure to digital assets for investors, fostering innovation and growth within Kenya’s burgeoning digital economy.
Source: cryptotimes.io
The post Valour Partners with NSE to Launch First Crypto ETP in Kenya appeared first on HIPTHER Alerts.
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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