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Valour Partners with NSE to Launch First Crypto ETP in Kenya

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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

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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.

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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

Everdome and Alpine Web3 Redefine Fan Engagement with Bold Metaverse Vision

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Alpine Web3 and Everdome are joining forces to push the boundaries of fan engagement through immersive digital experiences. Building on Alpine’s storied motorsport legacy, this partnership will bring fans closer to the action with metaverse pop-up spaces and interactive events.

As Alpine Web3 shifts its focus beyond motorsport, this collaboration aims to redefine sports marketing by merging the physical and digital worlds, offering fans a dynamic and innovative way to connect with their favorite teams and events.

Alpine is a brand with a long and successful history, founded in 1955 by Jean Rédélé and quickly building success across multiple motorsports disciplines. With titles across multiple motor racing disciplines such as the World Rally Championship, 24 Hours of Le Mans, success in F1® racing and the FIA WEC Endurance World Championship, Alpine has constantly innovated for success.

Now Alpine seeks to expand their innovation beyond motorsport, looking for ways to engage new audiences with experiential sports marketing as the real and digital worlds converge.

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This two-way partnership will see Everdome work on a variety of experiential Alpine focussed destinations, kicking off with a series of metaverse pop-up spaces for Alpine Web3, released to coincide with the major sporting events across their race calendar, from Formula One® and beyond.

Everdome will also create interactive events with Alpine Web3 and their partners, allowing global audiences to take one step closer to the action as we explore the future of sports fan engagement together.

Last year, Everdome and Alpine first collaborated with an exclusive metaverse AMA with their F1® driver Pierre Gasly and Binance Fan Token, creating an interactive event where the audience could join with their avatar-likenesses inside a unique environment, bringing them closer to their racing heroes inside a digital world.

“Experiential marketing is on the rise as audiences react positively to immersive, interactive experiences which bring a feeling of deeper involvement with their sporting teams and heroes.’’ said Artur Kaczmarczyk, Chief Growth Officer for Everdome. “This new partnership will explore a future of sports fan engagement, creating a series of activations across the motorsports racing calendar to let global Alpine fans feel closer to the team, drivers and brand.’’

Beginning with metaverse spaces highlighting images and videos from Alpine inside fully interactive, avatar-led digital environments, Everdome will go on to create a dedicated and permanent metaverse footprint for Alpine Racing inside their digital headquarters, showcasing their glorious history, exciting present and promising future.

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“This collaboration with Everdome underlines our commitment to constant innovation through leveraging the latest technology”, said Guillaume Vergnas, Head of Merchandising, Licensing, Esports & Web3 at Alpine. ‘’Motorsport has always been about passion, spectacle and interaction, and with Everdome we seek to allow audiences a taste of the spectacle in a novel digital world.’’

Everdome will introduce their large community of web3 followers and metaverse pioneers to Alpine’s exciting web3 ecosystem, paving the way for some exciting cross-project collaborations, activations and more across 2024 and beyond.

The post Everdome and Alpine Web3 Redefine Fan Engagement with Bold Metaverse Vision appeared first on HIPTHER Alerts.

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Blockchain

Blockchain Technology Market Size to Achieve USD 1,879.30 Billion by 2034

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Blockchain

Blockchain Technology in BFSI Market Is Expected To Reach a Revenue Of USD 258.2 Bn By 2033, at 46.0% CAGR: Dimension Market Research

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