ASSNTURE Holdings Limited, a digital securities and asset tokenization company based in the Abu Dhabi Global Market, has launched a Kenyan subsidiary, ASSNTURE Afrique Limited, marking its first entry into East Africa.
- •The move positions the company to offer blockchain-based financial infrastructure and tokenized asset solutions in one of Africa’s fastest-growing fintech markets.
- •The company has also appointed Ali Hussein Kassim, a fintech entrepreneur and chairman of the Association of FinTechs in Kenya, as board advisor.
- •Kassim will support ASSNTURE’s regional strategy, regulatory engagement, and partnerships across Eastern and Southern Africa, leveraging his experience in the local digital finance ecosystem.
“Digital assets and tokenized financial infrastructure represent the next chapter for capital markets in Africa. ASSNTURE brings world-class technology and deep institutional finance expertise from the UAE, and I look forward to helping bridge those capabilities with the opportunities and talent that exist across Kenya and the wider Eastern and Southern African region,” Kassim said.
ASSNTURE Afrique will act as the regional hub for East and Southern Africa, deploying the company’s digital platforms for asset tokenization, securities trading, commodity financing, treasury management, and payments.
The expansion comes amid rising mobile-first financial adoption and evolving regulatory frameworks in the region, which have attracted interest from institutional and retail investors.
“Kenya stands at the forefront of financial innovation on the African continent. This is not merely an expansion, it is a commitment to building long-term, meaningful financial infrastructure that connects Eastern and Southern Africa to global capital flows,” said Ihsan Khelef, Co-Founder, ASSNTURE Holdings Limited.
The Virtual Asset Service Providers Act, 2025, passed by parliament last year is set to formalize crypto exchanges, digital wallets, and tokenization platforms under the oversight of the Central Bank of Kenya (CBK) and Capital Markets Authority (CMA). The law will guide licensing, governance, and compliance obligations, allowing virtual asset companies to comfortably enter the Kenyan market.
