The crypto market has not left any country behind. As these coins are traded around the world, thanks to secure internet connection every individual wants a piece of the action, and Kenya is one of them.
A company based in Nairobi, a microfinance company called 4G Capital is going to be the first institution in its field that has issued a tokenized bond with the use of cryptocurrencies. The company’s initial issuance aims in reaching about $10m, which will have a targeted coupon of about 10 percent that will help in proving the concept, this is according to the founder Wayne Hennessy-Barrett
The bond is going to be issued next month to the qualified investors and institutions of the company, individuals who are in a position to either pay in Ethereum or Bitcoin. If you are in this kind of position, we would advise that you look into this company and don’t be left behind of this great opportunity.
From this bond issuance, it is clear there has been increased enthusiasm for the cryptocurrency in Kenya, which has actually been the frontline of innovation in digital finance since the entrance of Safaricom. Safaricom is the country’s dominant mobile company, in the year 2007 the company launched Mpesa, a mobile money transfer platform.
The country’s holdings of cryptocurrency are about 2.3% of the country’s gross domestic product of $74bn in December; this is according to a research conducted by Citibank. Putting Kenya as the fifth highest around the world.
The cryptocurrency tokens by 4G Capital will be issued on a platform that is run by Finhaven. It is a Canadian technology company, which will be in a position to forward the dollars earned to the Kenyan MFI. The returns will be made on a monthly basis either in US dollars or cryptocurrencies.
Our Take On The Tokenized Bond Through Cryptocurrency In Kenya
Kenyan is proving to be a promising country to invest in, being the fifth highest to hold the cryptocurrency it is clear the country is taking shape to the new change. Cryptocurrency has been able to create a bridge of new resources of funding for the country. Thus investing in the 4G Capital Bond issue is definitely the way to go especially if you are also looking to invest in different markets around the world.