Tether Partners with Nairobi Securities Exchange to Boost Digital Asset Adoption in Africa
Tether has signed a Memorandum of Understanding (MoU) with the Nairobi Securities Exchange (NSE) to explore digital asset use cases, tokenization, and blockchain technology in Africa.
The NSE is one of the leading African exchanges, based in Kenya, with a market cap of approximately $26.4 billion. The exchange offers trading facilities for people seeking exposure to Kenya's and Africa's economic growth.
Tether and NSE aim to close the gap between where Kenyan investors are today and where they need to be by proposing an investor education program through training sessions, workshops, and other accessible knowledge-transfer initiatives on capital markets in the digital age.
The MoU also aims to support the development and implementation of a blockchain-based market infrastructure for the tokenization and instant settlement of securities within the NSE using Distributed Ledger Technology (DLT).