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

According to Golden Finance, Kenyan Minister of Information and Communication Technology William Kabogo announced the official launch of the national digital token KenyaNDT (KDT), which is deployed on the Solana blockchain. Kabogo stated that Kenya is developing a national virtual asset policy and a draft virtual asset service provider (VASP) bill to establish a more standardized regulatory framework for digital assets. He also disclosed that the monthly digital asset transaction volume of Kenyan citizens has exceeded 500 million US dollars, reflecting the high level of public participation in this field. Although the Central Bank of Kenya has not yet clarified the fiat nature or pegging mechanism of KenyaNDT, Kabogo has also clarified that the token is not directly issued by the government, but its goals are highly aligned with the national digital strategy. At present, the government is negotiating with the central bank, the Communications Administration, and the Ministry of Finance to promote the implementation of governance models and regulatory compliance.