Valour Inc. Partners With Gulf Investment Bank Kenya to Crosslist Its Crypto Assets on NSE

Saud Shahbal, CEO of Gulf Investment Bank. [Photo/Gulf Investment Bank Kenya]
Valour Inc. has appointed GulfCap Investment Bank as its key transaction advisor for cross-listing its exchange traded products on the Nairobi Securities Exchange (NSE).
The cross-listing is subject to approval by the Capital Markets Authority and will allow Valour’s ETPs to be traded in Kenya Shillings on the NSE, providing investors in East Africa with exposure to leading digital assets through regulated investment vehicles.
GCIB, a licensed investment bank by Kenya’s Capital Markets Authority (CMA), will lead the transaction advisory process. The bank will ensure the 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.
Valour is a subsidiary of DeFi Technologies Inc., a financial technology company that focuses on bridging the gap between traditional finance and decentralized finance by leveraging digital assets to create new financial solutions. DeFi Technologies is the main subsidiary of DeFi listed on Cboe Canada, one of the largest Canadian exchanges that provides unique trading opportunities across multiple marketplaces.
The strategic engagement between the two companies 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.
Mr Andrew Forson, President of DeFi Technologies and Chief Growth Officer of Valour, said: “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.”
Mr Saud Shahbal, Founder and CEO of Gulf Cap Investment Bank said: “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.”
A key goal of the bank, he said, was to expand the frontier of financial inclusion by introducing regulated alternative investment products that resonate with the digital-first generation of Kenyan investors.
He said the bank was working closely with regulators and industry stakeholders to ensure compliance to regulatory requirements, focusing on governance and investor protection.