Kenya launches national digital token KenyaNDT (KDT) to advance digital asset strategy

Kabogo stated that Kenya is formulating a national virtual asset policy and a draft bill for Virtual Asset Service Providers (VASP) to establish a more standardized regulatory framework for digital assets. He also revealed that the monthly digital asset trading volume among Kenyan citizens has now exceeded $500 million, reflecting a high level of public engagement in this sector.

Although the Central Bank of Kenya has not yet clarified the legal tender status or pegging mechanism of KenyaNDT, Kabogo also clarified that the token is not directly issued by the government, but its objectives are closely aligned with the national digital strategy. Currently, the government is working with the central bank, the Communications Authority, and the Ministry of Finance to advance governance models and regulatory compliance.