DeFi Technologies will offer the Nairobi Securities Exchange (NSE) equivalents of its ETFs (ETPs) that are traded in Europe, including on Börse Frankfurt, Euronext Paris, Euronext Amsterdam and the Nordic Growth Market.
The third party to the agreement was market liquidity provider SovFi, which provides DeFi Technologies with the ability to develop a market infrastructure for digital products and ensures the listing of ETF units on the Kenya Stock Exchange.
The NSE has agreed to allow DeFi Technologies to offer products under a “passporting agreement.” In the EU, passporting allows a company licensed and regulated in one European Economic Area (EEA) member state to serve customers from any other EEA member state.
Earlier, investment company WisdomTree announced the launch of two exchange-traded funds (ETPs) on the London Stock Exchange, 100% backed by cryptocurrencies. According to the official announcement, WisdomTree became the first company to receive approval from the UK Financial Conduct Authority (FCA) to issue cryptocurrency ETPs.
Source: Bits
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