TechFlow, July 13 — William Kabogo, Kenya's Minister of Information and Communications Technology, announced the official launch of the national digital token KenyaNDT (KDT), deployed on the Solana blockchain.
Kabogo stated that Kenya is developing a national virtual asset policy and drafting a Virtual Asset Service Provider (VASP) bill to establish a more standardized regulatory framework for digital assets. He also revealed that Kenyan citizens are currently transacting over $500 million in digital assets per month, reflecting high public engagement in this sector.
Although the Central Bank of Kenya has not yet clarified the fiat status or pegging mechanism of KenyaNDT, Kabogo clarified that the token is not directly issued by the government. However, its objectives align closely with the national digital strategy. The government is currently consulting with the central bank, communications authority, and ministry of finance to advance governance models and regulatory compliance.
