Deep Tide TechFlow News, on July 13, Kenya's 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 formulating a national virtual asset policy and a draft bill for virtual asset service providers (VASP) to build a more regulated framework for digital asset supervision. He also revealed that Kenyan citizens currently trade over 500 million dollars in digital assets monthly, reflecting high public participation in this field.
Although the Central Bank of Kenya has not yet clarified the fiat attributes or peg mechanism of KenyaNDT, Kabogo also clarified that the token is not directly issued by the government, but its goals are highly aligned with the national digital strategy. Currently, the government is negotiating with the central bank, communications authority, and the Ministry of Finance to advance the implementation of governance models and regulatory compliance.