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Valour partners with GulfCap Investment Bank for Cross-Listing its Exchange Traded Products on the Nairobi Securities Exchange

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DeFi Technologies' subsidiary Valour Inc. has partnered with GulfCap Investment Bank (GCIB) to cross-list its digital asset ETPs on the Nairobi Securities Exchange (NSE). This strategic move will enable Kenyan investors to access Valour's suite of over 65 digital asset ETPs in local currency, which are currently trading on major European exchanges including Xetra, Spotlight, and Euronext.

GCIB, licensed by Kenya's Capital Markets Authority, will serve as the Transaction Advisor, overseeing regulatory coordination, due diligence, documentation, and investor engagement. The initiative aims to expand regulated access to digital assets in emerging markets while ensuring compliance with local regulatory frameworks.

La controllata di DeFi Technologies, Valour Inc., ha stretto una partnership con GulfCap Investment Bank (GCIB) per quotare i suoi ETP di asset digitali anche sul Nairobi Securities Exchange (NSE). Questa mossa strategica permetterà agli investitori kenioti di accedere alla gamma di oltre 65 ETP di asset digitali di Valour in valuta locale, attualmente negoziati sulle principali borse europee come Xetra, Spotlight ed Euronext.

GCIB, autorizzata dalla Capital Markets Authority del Kenya, fungerà da consulente per le transazioni, gestendo il coordinamento normativo, la due diligence, la documentazione e il coinvolgimento degli investitori. L’iniziativa mira a estendere l’accesso regolamentato agli asset digitali nei mercati emergenti, assicurando il rispetto dei quadri normativi locali.

La subsidiaria de DeFi Technologies, Valour Inc., se ha asociado con GulfCap Investment Bank (GCIB) para listar sus ETPs de activos digitales en la Nairobi Securities Exchange (NSE). Esta estrategia permitirá a los inversores kenianos acceder a la gama de más de 65 ETPs de activos digitales de Valour en moneda local, que actualmente se negocian en importantes bolsas europeas como Xetra, Spotlight y Euronext.

GCIB, autorizado por la Capital Markets Authority de Kenia, actuará como asesor de transacciones, supervisando la coordinación regulatoria, la diligencia debida, la documentación y el compromiso con los inversores. La iniciativa busca ampliar el acceso regulado a activos digitales en mercados emergentes, garantizando el cumplimiento de los marcos regulatorios locales.

DeFi Technologies의 자회사인 Valour Inc.GulfCap Investment Bank (GCIB)와 협력하여 디지털 자산 ETP를 Nairobi Securities Exchange (NSE)에 교차 상장하기로 했습니다. 이 전략적 조치는 케냐 투자자들이 현재 Xetra, Spotlight, Euronext 등 주요 유럽 거래소에서 거래 중인 65개 이상의 디지털 자산 ETP를 현지 통화로 이용할 수 있게 합니다.

케냐 자본시장청(Capital Markets Authority)으로부터 인가를 받은 GCIB는 거래 자문 역할을 수행하며 규제 조정, 실사, 문서 작업 및 투자자 참여를 감독할 예정입니다. 이 이니셔티브는 현지 규제 체계 준수를 보장하면서 신흥 시장에서 디지털 자산에 대한 규제된 접근을 확대하는 것을 목표로 합니다.

La filiale de DeFi Technologies, Valour Inc., s’est associée à GulfCap Investment Bank (GCIB) pour inscrire ses ETP d’actifs numériques à la Nairobi Securities Exchange (NSE). Cette démarche stratégique permettra aux investisseurs kényans d’accéder à la gamme de plus de 65 ETP d’actifs numériques de Valour en monnaie locale, actuellement négociés sur les principales bourses européennes telles que Xetra, Spotlight et Euronext.

GCIB, agréée par la Capital Markets Authority du Kenya, agira en tant que conseiller transactionnel, supervisant la coordination réglementaire, la diligence raisonnable, la documentation et l’engagement des investisseurs. Cette initiative vise à étendre l’accès réglementé aux actifs numériques dans les marchés émergents tout en garantissant le respect des cadres réglementaires locaux.

Die Tochtergesellschaft von DeFi Technologies, Valour Inc., hat eine Partnerschaft mit der GulfCap Investment Bank (GCIB) geschlossen, um ihre digitalen Asset-ETPs an der Nairobi Securities Exchange (NSE) zu listen. Dieser strategische Schritt ermöglicht es kenianischen Investoren, Valours Portfolio von über 65 digitalen Asset-ETPs in lokaler Währung zu handeln, die derzeit an wichtigen europäischen Börsen wie Xetra, Spotlight und Euronext notiert sind.

GCIB, lizenziert von der kenianischen Capital Markets Authority, wird als Transaktionsberater fungieren und die regulatorische Koordination, Due Diligence, Dokumentation sowie die Einbindung der Investoren überwachen. Die Initiative zielt darauf ab, den regulierten Zugang zu digitalen Assets in Schwellenmärkten zu erweitern und gleichzeitig die Einhaltung lokaler regulatorischer Rahmenbedingungen sicherzustellen.

Positive
  • Expansion into African capital markets, providing access to new investor base
  • Partnership with licensed local investment bank (GCIB) ensures regulatory compliance
  • Trading will be available in local currency (Kenyan Shillings)
  • Kenya is identified as one of Africa's most active digital assets markets
Negative
  • None.

Insights

Valour's strategic partnership with GulfCap enables African market expansion through NSE cross-listing, potentially unlocking new revenue streams and investor base.

This partnership between Valour and GulfCap Investment Bank represents a strategic market expansion that could substantially broaden Valour's footprint beyond its current European presence. The cross-listing initiative will bring Valour's 65+ digital asset ETPs to the Kenyan market, making them tradeable in Kenyan Shillings through a regulated framework.

The selection of Kenya as an entry point to African markets is particularly shrewd. Kenya has emerged as one of Africa's most active digital asset markets with strong adoption rates. This creates a receptive environment for Valour's products while minimizing some initial market penetration challenges.

By appointing GulfCap, a CMA-licensed investment bank, Valour gains critical local regulatory expertise to navigate compliance requirements. This is especially important for digital asset products which often face heightened regulatory scrutiny. The partnership structure effectively outsources the complex regulatory coordination, due diligence, and market entry logistics to a specialized local partner.

From a business development perspective, this move creates a template for Valour's expansion into other emerging markets. If successful in Kenya, the company could potentially replicate this approach across other African exchanges, significantly extending its global reach beyond its current European exchange presence on Xetra, Spotlight, and Euronext.

For Kenyan investors, this cross-listing delivers regulated access to digital assets through familiar exchange infrastructure, potentially bridging traditional finance with decentralized finance in a market that has shown enthusiasm for digital assets but lacks structured investment vehicles.

  • Strategic Partnership: Valour appoints GulfCap Investment Bank as Transaction Advisor for the cross-listing of its digital asset ETPs on the NSE, expanding its footprint into African capital markets.
  • Market Expansion: The cross-listing will provide Kenyan investors with regulated, local currency access to Valour's suite of over 65 digital asset ETPs already trading on leading European exchanges.
  • Regulatory & Investor Focus: GulfCap will oversee regulatory coordination, due diligence, and investor engagement, aligning the initiative with Kenya's Capital Markets Authority and NSE frameworks to promote responsible digital asset adoption.

TORONTO, May 15, 2025 /PRNewswire/ - DeFi Technologies Inc. (the "Company" or "DeFi Technologies") (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B), a financial technology company bridging the gap between traditional capital markets and decentralized finance ("DeFi"), is pleased to announce that its subsidiary Valour Inc. ("Valour"), a leading issuer of exchange-traded products ("ETPs") providing simplified access to digital assets, has partnered with GulfCap Investment Bank ("GCIB") as its key Transaction Advisor for the proposed cross-listing of Valour's ETPs on the Nairobi Securities Exchange ("NSE").

This strategic engagement marks a significant milestone in Valour's mission to expand regulated access to digital assets in emerging markets. With a robust suite of over 65 fully hedged digital asset ETPs already listed across major European exchanges—including Xetra (Germany), Spotlight (Sweden), and Euronext (Paris and Amsterdam)—Valour aims to bring secure and simplified exposure to digital assets to Kenyan investors.

GCIB, a licensed investment bank by Kenya's Capital Markets Authority ("CMA"), will lead the transaction advisory process. Their mandate includes end-to-end support for the cross-listing, covering regulatory coordination, due diligence, documentation, investor engagement, and listing execution in line with NSE and CMA frameworks.

Andrew Forson, President of DeFi Technologies and Chief Growth Officer of Valour, declared:
"We are proud to partner with GulfCap Investment Bank for this important initiative. Their proven track record in cross-border capital markets transactions and deep local expertise makes them the ideal advisor as we enter the Kenyan market. This collaboration reflects our commitment to building strong, compliant, and long-term bridges between global investors and decentralized finance."

The proposed cross-listing will allow Valour's ETPs to be traded in Kenyan Shillings on the NSE and provide investors in East Africa with exposure to leading digital assets through regulated investment vehicles.

Saud Shabahl, Founder and CEO of Gulf Cap Investment Bank commented: "Kenya is already one of Africa's most active digital assets markets by adoption, and this initiative places us firmly at the intersection of capital markets evolution and fintech disruption. "Our goal is to expand the frontier of financial inclusion by introducing regulated alternative investment products that resonate with the digital-first generation of Kenyan investors. We are committed to working closely with regulators and industry stakeholders to ensure this is done responsibly, with a strong foundation of governance and investor protection. This listing is not just a transaction — it is the beginning of a new chapter in African capital markets, and Kenya is proud to lead from the front."

About GulfCap Investment Bank (GCIB)
GCIB is a CMA-licensed investment bank offering advisory, asset management, and capital markets services across East Africa and the Gulf. With a track record of over US$1 billion in transactions across sectors and geographies, GCIB is known for its expertise in corporate finance, IPO advisory, and strategic market entries.

About DeFi Technologies
DeFi Technologies Inc. (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B) is a financial technology company bridging the gap between traditional capital markets and decentralized finance ("DeFi"). As the first Nasdaq-listed digital asset manager of its kind, DeFi Technologies offers equity investors diversified exposure to the broader decentralized economy through its integrated and scalable business model. This includes Valour, which offers access to dozens of the world's most innovative digital assets via regulated ETPs; Stillman Digital, a digital asset prime brokerage focused on institutional-grade execution and custody; Reflexivity Research, which provides leading research into the digital asset space; Neuronomics, which develops quantitative trading strategies and infrastructure; and DeFi Alpha, the company's internal arbitrage and trading business line. With deep expertise across capital markets and emerging technologies, DeFi Technologies is building the institutional gateway to the future of finance. Follow DeFi Technologies on LinkedIn and X/Twitter, and for more details, visit https://defi.tech/ 

About Valour
Valour Inc. and Valour Digital Securities Limited (together, "Valour") issues exchange traded products ("ETPs") that enable retail and institutional investors to access digital assets in a simple and secure way via their traditional bank account. Valour is part of the asset management business line of DeFi Technologies. For more information about Valour, to subscribe, or to receive updates, visit valour.com.

Cautionary note regarding forward-looking information: 
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to the the listing of ETPs  on the NSE; the engagement of GCIB; investor confidence in Valour's ETPs;   investor interest and confidence in digital assets; the regulatory environment with respect to the growth and adoption of decentralized finance; the pursuit by the Company and its subsidiaries of business opportunities; and the merits or potential returns of any such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but is not limited the acceptance of Valour ETPs by exchanges; growth and development of decentralised finance and cryptocurrency sector; rules and regulations with respect to decentralised finance and cryptocurrency; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

THE CBOE CANADA EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/valour-partners-with-gulfcap-investment-bank-for-cross-listing-its-exchange-traded-products-on-the-nairobi-securities-exchange-302456428.html

SOURCE DeFi Technologies Inc.

FAQ

What is the purpose of DEFT's partnership with GulfCap Investment Bank?

The partnership aims to cross-list Valour's digital asset ETPs on the Nairobi Securities Exchange, allowing Kenyan investors to access over 65 digital asset ETPs in local currency.

How many ETPs will Valour cross-list on the Nairobi Securities Exchange?

Valour plans to cross-list its suite of over 65 digital asset ETPs that are currently trading on major European exchanges.

What role will GulfCap Investment Bank play in DEFT's cross-listing process?

GulfCap will serve as Transaction Advisor, handling regulatory coordination, due diligence, documentation, investor engagement, and listing execution in compliance with NSE and CMA frameworks.

Where are Valour's ETPs currently listed?

Valour's ETPs are currently listed on major European exchanges including Xetra (Germany), Spotlight (Sweden), and Euronext (Paris and Amsterdam).
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