Kenyan Alliance Asset Management secures fund manager license

The Capital Markets Authority (CMA) has licensed Kenyan Alliance Asset Management Limited as a fund manager, pushing up the total number of licensed fund managers in Kenya to 42.

Kenyan Alliance Asset Management will look to provide wealth and portfolio management services tailored to both individual and corporate clients, in full compliance with the Capital Markets Regulations.

CMA has also admitted Yeshara Tokens Limited to the regulatory sandbox for a one-year trial. Through its blockchain-powered Yeshara Platform, the company will test the trading of tokenized securities, focusing initially on real estate.

Yeshara’s innovation is set to unlock liquidity and broaden access to financial markets.

CMA Chief Executive Officer, Wyckliffe Shamiah, says: “The tokenization of real estate holds significant potential to expand access to international financial markets for both local and global investors.”

Capital Markets Authority (CMA), Chief Executive Officer Wyckliffe Shamiah

The regulatory sandbox provides a secure and controlled environment for testing innovative financial solutions, aligning with CMA’s mission to foster market integrity, investor confidence, and market development.

 

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