Valour Partners with GulfCap for Cross-Listing on Nairobi Securities Exchange

DeFi Technologies ( (TSE:DEFI) ) just unveiled an announcement.

Valour, a subsidiary of DeFi Technologies, has partnered with GulfCap Investment Bank to cross-list its digital asset exchange-traded products (ETPs) on the Nairobi Securities Exchange (NSE). This strategic move aims to provide Kenyan investors with regulated access to Valour’s digital asset ETPs, expanding the company’s footprint into African capital markets. GulfCap will manage the regulatory and investor engagement processes, aligning with Kenya’s Capital Markets Authority and NSE frameworks. This initiative is expected to enhance financial inclusion and digital asset adoption in Kenya, positioning Valour as a key player in the evolving African capital markets.

The most recent analyst rating on (TSE:DEFI) stock is a Buy with a C$4.50 price target. To see the full list of analyst forecasts on DeFi Technologies stock, see the TSE:DEFI Stock Forecast page.

Spark’s Take on TSE:DEFI Stock

According to Spark, TipRanks’ AI Analyst, TSE:DEFI is a Neutral.

DeFi Technologies exhibits strong revenue growth and strategic expansions, but faces challenges with profitability, negative cash flow, and valuation issues. Positive sentiment from the earnings call and strategic initiatives are encouraging, yet regulatory hurdles and market dependency remain key risks.

To see Spark’s full report on TSE:DEFI stock, click here.

More about DeFi Technologies

DeFi Technologies Inc. is a financial technology company that bridges the gap between traditional capital markets and decentralized finance (DeFi). It offers diversified exposure to the decentralized economy through its integrated business model, which includes Valour, a provider of exchange-traded products (ETPs) for digital assets, and other subsidiaries focused on digital asset brokerage, research, and trading strategies.

Average Trading Volume: 455,238

Technical Sentiment Signal: Buy

Current Market Cap: C$51.06M

See more insights into DEFI stock on TipRanks’ Stock Analysis page.