Valereum strikes African digital asset partnership with Kenya's BDAL

Source: Proactive Read time: 1 min

Tickers: VLRM.AQ | VLRMF | 6TJ.F

Valereum PLC (AQSE:VLRM, FRA:6TJ, OTCQB:VLRMF) has signed a strategic partnership to expand its digital asset business across Africa and the Indian Ocean.

The company, listed on the Aquis Stock Exchange and aiming to become a leader in tokenised digital markets, has teamed up with Blockchain Digital Assets Limited (Africa). The Kenyan-registered firm, known as BDAL or Koinon, is a specialist advisory and digital asset business with relationships spanning government, financial institutions, and private enterprise across the region.

The partnership combines Valereum's regulated ecosystem, tokenisation tools, and payments infrastructure with BDAL's regional expertise and commercial contacts.

Initial Focus Areas

The joint venture will initially concentrate on three areas:

• Tokenisation of real-world assets – Centred on land and mineral extraction covering gold, platinum, and lithium, using the VLRM Markets platform.
• Digital payments – Expanding across Africa through the Koinon mobile app and integrating Valereum's white-label payment platforms to offer full on- and off-ramp services.
• Digital banking – Exploring next-generation financial services that combine advisory expertise with regulated infrastructure.

Executive Commentary

Matthew Mecke, founder and managing partner of BDAL, said the tie-up was a natural choice given how closely the two firms' roadmaps aligned. He pointed to three decades of building relationships across the continent and predicted significant adoption of digital banking in Africa.

Gary Cottle, group chief executive of Valereum, described the deal as an obvious geographical and product extension of its business model. He noted that it made more sense for BDAL to use Valereum's platforms than to build its own, and that he looked forward to accelerating its route to market.