Valour Inc. has named GulfCap Investment Bank as its lead transaction advisor for the cross-listing of its exchange-traded products (ETPs) on the Nairobi Securities Exchange (NSE).
The cross-listing, pending approval by the Capital Markets Authority (CMA), will enable Valour’s digital asset ETPs to trade in Kenyan Shillings on the NSE – providing investors in East Africa with regulated exposure to leading digital assets.
GulfCap Investment Bank (GCIB), which is licensed by Kenya’s CMA, will spearhead the advisory process, offering comprehensive support for the listing. This includes:
* Regulatory coordination
Due diligence
Documentation
Investor outreach, and
Execution
in accordance with CMA and NSE requirements.
Valour is a subsidiary of DeFi Technologies Inc., a fintech company focused on bridging traditional and decentralized finance by leveraging digital assets to develop new financial solutions. DeFi Technologies is the parent company listed on Cboe Canada, one of the country’s leading stock exchanges.
This partnership marks a significant step in Valour’s mission to expand regulated digital asset access in emerging markets. The company already offers a suite of over 65 fully hedged digital asset ETPs across major European exchanges, including Xetra (Germany), Spotlight (Sweden), and Euronext (Paris and Amsterdam). Valour now aims to offer Kenyan investors simplified and secure exposure to digital assets.
“We are proud to partner with GulfCap Investment Bank for this important initiative,” said Andrew Forson, President of DeFi Technologies and Chief Growth Officer of Valour.
“Their proven track record in cross-border capital markets and deep local expertise make them the ideal advisor as we enter the Kenyan market. This collaboration demonstrates our commitment to building compliant, long-term bridges between global investors and decentralized finance.”
GulfCap Founder and CEO, Saud Shahbal, noted that Kenya is already among Africa’s most active digital asset markets by adoption.
“This initiative places us firmly at the crossroads of capital markets evolution and fintech disruption,” he said.
Shahbal added that a core goal for the bank is to advance financial inclusion by introducing regulated alternative investment products that appeal to Kenya’s digital-first investor generation. He emphasized that GCIB is working closely with regulators and stakeholders to ensure full compliance, prioritizing governance and investor protection.
Valour, a global issuer of crypto exchange-traded products (ETPs), has been actively expanding its presence in Africa through strategic partnerships. In August 2024, as reported by BitKE, Valour signed a memorandum of understanding with the Nairobi Securities Exchange (NSE) and SovFi to introduce digital asset ETPs to the Kenyan market. This collaboration aims to provide investors with regulated access to digital assets via the NSE, marking a significant step in integrating blockchain-based financial instruments into traditional markets.
Building on this initiative, the NSE announced plans in April 2025 to launch a digital assets exchange and tokenization platform, with Valour’s ETPs expected to be listed before the end of Q3 2025. This development underscores Valour’s commitment to enhancing financial inclusion and innovation in the region by offering secure and accessible digital asset investment products.
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REGULATION | Canadian Fintech Subsidiary, Valour, Looking to List Crypto ETFs on the Nairobi Stock Exchange
Valour Inc. has named GulfCap Investment Bank as its lead transaction advisor for the cross-listing of its exchange-traded products (ETPs) on the Nairobi Securities Exchange (NSE).
The cross-listing, pending approval by the Capital Markets Authority (CMA), will enable Valour’s digital asset ETPs to trade in Kenyan Shillings on the NSE – providing investors in East Africa with regulated exposure to leading digital assets.
GulfCap Investment Bank (GCIB), which is licensed by Kenya’s CMA, will spearhead the advisory process, offering comprehensive support for the listing. This includes:
in accordance with CMA and NSE requirements.
Valour is a subsidiary of DeFi Technologies Inc., a fintech company focused on bridging traditional and decentralized finance by leveraging digital assets to develop new financial solutions. DeFi Technologies is the parent company listed on Cboe Canada, one of the country’s leading stock exchanges.
This partnership marks a significant step in Valour’s mission to expand regulated digital asset access in emerging markets. The company already offers a suite of over 65 fully hedged digital asset ETPs across major European exchanges, including Xetra (Germany), Spotlight (Sweden), and Euronext (Paris and Amsterdam). Valour now aims to offer Kenyan investors simplified and secure exposure to digital assets.
“We are proud to partner with GulfCap Investment Bank for this important initiative,” said Andrew Forson, President of DeFi Technologies and Chief Growth Officer of Valour.
“Their proven track record in cross-border capital markets and deep local expertise make them the ideal advisor as we enter the Kenyan market. This collaboration demonstrates our commitment to building compliant, long-term bridges between global investors and decentralized finance.”
GulfCap Founder and CEO, Saud Shahbal, noted that Kenya is already among Africa’s most active digital asset markets by adoption.
“This initiative places us firmly at the crossroads of capital markets evolution and fintech disruption,” he said.
Shahbal added that a core goal for the bank is to advance financial inclusion by introducing regulated alternative investment products that appeal to Kenya’s digital-first investor generation. He emphasized that GCIB is working closely with regulators and stakeholders to ensure full compliance, prioritizing governance and investor protection.
Valour, a global issuer of crypto exchange-traded products (ETPs), has been actively expanding its presence in Africa through strategic partnerships. In August 2024, as reported by BitKE, Valour signed a memorandum of understanding with the Nairobi Securities Exchange (NSE) and SovFi to introduce digital asset ETPs to the Kenyan market. This collaboration aims to provide investors with regulated access to digital assets via the NSE, marking a significant step in integrating blockchain-based financial instruments into traditional markets.
Building on this initiative, the NSE announced plans in April 2025 to launch a digital assets exchange and tokenization platform, with Valour’s ETPs expected to be listed before the end of Q3 2025. This development underscores Valour’s commitment to enhancing financial inclusion and innovation in the region by offering secure and accessible digital asset investment products.
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