TOKENIZATION | Nairobi Securities Exchange (NSE) Joins Hedera Network Council to Accelerate Tokenization of Real World Assets

The admission makes the NSE the 32nd member of the Hedera Council, a diverse group of globally recognized organizations that operate and govern the decentralized Hedera network. The NSE joins other Council members in running a node on the Hedera network and holding equal voting power in the governance of Hedera's software and services.

kodzilla··2 min read

The Nairobi Securities Exchange (NSE) has officially joined the Hedera Council to accelerate tokenization initiatives using the Hedera Network.

According to a press release, the admission to the Council will provide the NSE the ability to accelerate the launch of digital assets and tokenized securities on its Exchange leveraging Hedera’s secure, transparent, and scalable technology.

According to the release, Hedera is a high-performance, secure, and sustainable public, permissioned DLT network. It enables seamless tokenization of real-world and digital assets with unmatched performance, security, and compliance.

From regulated security tokens to NFTs, Hedera empowers the efficient creation of diverse asset types by providing enterprises and developers with robust open-source tools to unlock illiquid assets and drive the evolution of financial markets.

 

“The NSE’s diverse reach provides an excellent foundation for Hedera to underpin global capital markets with a market capitalization of approximately $12.65 billion, daily transaction volumes exceeding $100 million, and 63 listed companies and securities across 11 sectors,” said Bill Miller, Co-Chair of the Membership Committee for Hedera.

 

The admission makes the NSE the 32nd member of the Hedera Council, a diverse group of globally recognized organizations that operate and govern the decentralized Hedera network. The NSE joins other Council members in running a node on the Hedera network and holding equal voting power in the governance of Hedera’s software and services.

Council members include:

  • Standard Bank
  • Nairobi Securities Exchange
  • Google
  • IBM
  • Tata
  • Boeing
  • LGE
  • Deutsche Telecom
  • Hitachi
  • Dell

 

“Tokenization has the potential to transform industries across Africa and the NSE is committed to driving this innovation through the Hedera network, which is valued for its unmatched performance, security, and compliance standards,”  said Frank Mwiti, CEO of the NSE.

“The NSE looks forward to collaborating closely with other Council members to drive widespread adoption of tokenization across the continent and establish the NSE as an industry leader in the space on the global stage.”

 

In recent months, NSE has accelerated efforts to provide digital asset products collaborating with technical providers.

An NSE project involving blockchain’s Real World Assets (RWA) for the creation of capital instruments to address the $2.5 billion annual housing finance requirement in Kenya won funding in the recent Cardano Project Catalyst program.

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The project, in partnership with Mozambique RWA startup, Empowa, involves the creation of RWA tokens for affordable housing in Kenya enabling capital raising, tracking cashflows, ownership and returns.

In August 2024, the NSE signed a memorandum of understanding with Valour and SovFi on issuing and trading digital asset exchange-traded products (ETPs) on the NSE in Kenya.


 

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