Kenya is moving toward a bold financial experiment, merging traditional stock markets with the fast-changing world of cryptocurrency regulation.
Kenya’s Capital Markets Authority (CMA) is in talks with major US and UK crypto firms to list their shares on the Nairobi Securities Exchange, a first for Africa. This follows President William Ruto’s new Virtual Asset Service Providers Act, which finally gives legal structure to Kenya’s crypto scene.
Unlike trading Bitcoin directly, investors would buy shares in companies building or managing digital assets, gaining exposure without facing crypto’s wild price swings. CMA chief Wycliffe Shamiah confirmed four or five firms have shown interest.
If successful, it would end the NSE’s decade-long IPO drought, offering novelty and liquidity to the market. But experts warn investor education and cautious rollout are crucial.
By listing crypto companies instead of coins, Kenya hopes to balance innovation with regulation, positioning itself as Africa’s emerging hub for regulated digital finance.
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